Buy Dalmia Bharat, target Rs 3,100: Jay Thakkar

Buy Dalmia Bharat at a price target of Rs 3,100 and a stop oss at Rs 2,940 from entry point.

Jay Thakkar of Anand Rathi has a buy call on Dalmia Bharat with a target price of Rs 3,100.

The current market price of Dalmia Bharat is Rs 2,976.

Time period given by the analyst is intraday when Dalmia Bharat price can reach defined target.

Jay Thakkar recommended to keep a stop loss at Rs 2,940.

Dalmia Bharat, incorporated in the year 2006, is a Large Cap company (having a market cap of Rs 26,476.22 Crore) operating in Cement sector.

Dalmia Bharat key Products/Revenue Segments include Income From Management Services which contributed Rs 201.29 Crore to Sales Value (90.46 per cent of Total Sales), Fees & Other Charges which contributed Rs 20.84 Crore to Sales Value (9.36 per cent of Total Sales) and Other Operating Revenue which contributed Rs .38 Crore to Sales Value (0.17 per cent of Total Sales)for the year ending 31-Mar-2017.
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The company’s top management includes Mr.Gautam Dalmia, Mr.Jai Hari Dalmia, Mr.Jayesh Doshi, Mr.N Gopalaswamy, Mr.Pradip Kumar Khaitan, Mr.Puneet Yadu Dalmia, Mr.Virendra Singh Jain, Mr.Yadu Hari Dalmia, Mrs.Sudha Pillai.

Company has S S Kothari Mehta & Co as its auditors.

As on 30-09-2017, the company has a total of 88,965,803 shares outstanding.
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