Buy Dalmia Bharat, target price Rs 2500: Motilal Oswal

Motilal Oswal has buy call on Dalmia Bharat with a target price of Rs 2500. The current market price of Dalmia Bharat Ltd. is Rs 1994.7.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 37365.11 Crore) operating in Cement sector.

Dalmia Bharat Ltd. key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 3664.00 Crore, up 13.30 % from last quarter Total Income of Rs 3234.00 Crore and up 8.08 % from last year same quarter Total Income of Rs 3390.00 Crore. Company reported net profit after tax of Rs 266.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.84 per cent stake in the company as of 31-Dec-2023, while FIIs owned 12.96 per cent, DIIs 10.97 per cent.