Dalmia Bharat share price: Buy Dalmia Bharat, target price Rs 1610: Kotak Securities

Kotak Securities has purchase name on with a goal value of Rs 1610. The present market value of Dalmia Bharat Ltd. is Rs 1559.85.

Dalmia Bharat Ltd., integrated within the 12 months 1949, is a Mid Cap firm (having a market cap of Rs 29123.68 Crore) working in Cement sector.

For the quarter ended 31-12-2020, the corporate reported a Consolidated Whole Revenue of Rs 2903.00 Crore, up 18.44 % from final quarter Whole Revenue of Rs 2451.00 Crore and up 16.77 % from final 12 months similar quarter Whole Revenue of Rs 2486.00 Crore. Firm reported internet revenue after tax of Rs 183.00 Crore in newest quarter.

Funding Rationale
Put up a powerful rally, the inventory is buying and selling in a triangle formation and 20-day EMA is appearing nearly as good assist for upward motion within the coming classes.

Promoter/FII Holdings
Promoters held 56.07 per cent stake within the firm as of Dec 30, 2020, whereas FIIs held 13.53 per cent, DIIs 3.93 per cent and public and others 26.47 per cent.

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