Shutterstock.comIIFL has buy call on Dalmia Bharat with a target price of Rs 1125. The current market price of Dalmia Bharat is Rs 1075.
Dalmia Bharat Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 20131.51 Crore) operating in Cement sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2410.00 Crore, up 22.09 % from last quarter Sales of Rs 1974.00 Crore and up 7.78 % from last year same quarter Sales of Rs 2236.00 Crore Company reported net profit after tax of Rs 232.00 Crore in latest quarter.
Investment Rationale
Stock has given a falling trendline breakout and is on the verge of giving a possible Flag pattern breakout on the daily chart.
Promoter/FII Holdings
Promoters held 55.8 per cent stake in the company as of June 30, 2020, while FIIs held 15.3 per cent, DIIs 2.8 per cent and public and others 26.1 per cent.
Dalmia Bharat Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 20131.51 Crore) operating in Cement sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2410.00 Crore, up 22.09 % from last quarter Sales of Rs 1974.00 Crore and up 7.78 % from last year same quarter Sales of Rs 2236.00 Crore Company reported net profit after tax of Rs 232.00 Crore in latest quarter.
Investment Rationale
Stock has given a falling trendline breakout and is on the verge of giving a possible Flag pattern breakout on the daily chart.
Promoter/FII Holdings
Promoters held 55.8 per cent stake in the company as of June 30, 2020, while FIIs held 15.3 per cent, DIIs 2.8 per cent and public and others 26.1 per cent.
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