Cement company Dalmia Bharat can give strong returns to investors. Shares of the company can give returns of more than 40 per cent to the investors. Dalmia Bharat shares can go up to Rs 2300. At present, on Tuesday, shares of Dalmia Bharat are trading at a level of Rs 1596.45, down about one and a half percent on the Bombay Stock Exchange (BSE). That is, a share of the company can increase by more than Rs 700.
The stock may rise by more than 42 percent
Domestic broking company Sharekhan has given buy rating to the shares of cement company Dalmia Bharat. The brokerage house says that the shares of the cement company can rise by more than 42 percent from the current level. Dalmia Bharat is one of the top players in the cement industry. Brokerage Sharekhan says the company expects to benefit from the improvement in demand for cement and the pricing environment, especially in the eastern region.
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Dalmia Bharat stock has a target of Rs 2300
Brokerage firm Sharekhan has given a target price of Rs 2300 to Dalmia Bharat stock. Dalmia Bharat’s performance was impacted by weak demand and pricing environment in the eastern region. Both these things have improved since the fourth quarter of FY 2022. Average cement prices in the eastern region grew 10 per cent both year-on-year and quarterly in the fourth quarter of FY22. Apart from this, the demand for cement has also picked up during the March 2022 quarter.
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The 52-week high of Dalmia Bharat shares is Rs 2547.20. At the same time, the 52-week low-level of the company’s shares is Rs 1,279.45. The market cap of Dalmia Bharat is close to Rs 30,377 crore.