Buy Dalmia Bharat, target price Rs 1540: IIFL

IIFL has buy call on Dalmia Bharat with a target price of Rs 1540. The current market price of Dalmia Bharat Ltd. is Rs 1496.35. Time period given by analyst is Intra Day when Dalmia Bharat Ltd. price can reach defined target.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 27941.12 Crore) operating in Cement sector.

Dalmia Bharat Ltd. key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2761.00 Crore, up 5.30 % from last quarter Total Income of Rs 2622.00 Crore and down -4.89 % from last year same quarter Total Income of Rs 2903.00 Crore. Company reported net profit after tax of Rs 103.00 Crore in latest quarter.

Investment Rationale
The stock has given a double bottom breakout

Promoter/FII Holdings
Promoters held 55.97 per cent stake in the company as of 31-Dec-2021, while FIIs owned 14.72 per cent, DIIs 5.23 per cent.