Buy Dalmia Bharat, target price Rs 2690: HDFC Securities

HDFC Securities has buy call on Dalmia Bharat with a target price of Rs 2690. The current market price of Dalmia Bharat Ltd. is Rs 2284.7.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 42997.90 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 30-09-2023, the company reported a Consolidated Total Income of Rs 3234.00 Crore, down -12.14 % from last quarter Total Income of Rs 3681.00 Crore and up 7.48 % from last year same quarter Total Income of Rs 3009.00 Crore. Company reported net profit after tax of Rs 123.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.85 per cent stake in the company as of 30-Sep-2023, while FIIs owned 14.13 per cent, DIIs 9.36 per cent.