Buy This Cement Major For A Target Price Of Rs 1750: ICICI Securities

Leading brokerage ICICI Securities has given buy rating to the cement major Dalmia Bharat Ltd for a target price of Rs 1750 apiece. The stock gained 3.02% in today's trading.

Dalmia Bharat Stock Outlook

The current market price of the stock is Rs 1651 apiece on BSE with 3% intraday gain. According to ICICI Securities, if you invest in the stock today, it has the potential to surge to Rs 1750 in 1 year target period with a potential gain of 6%.

Dalmia Bharat 52 Week High/Low

The 52-week high of the stock is Rs 2547 apiece and 52-week low is 1212 apiece, respectively.

Dalmia Bharat Market Capitalization

The company has a market capitalization of Rs 30,967.95 crore.

Dalmia Bharat Return In Last 5 Years

The stock has given a return of 46% in the last 5 years, 90% in last 3 years, and fallen 28% in last 1 year.

Dalmia Bharat Result

The company has reported for the quarter ending June 30, 2022 a consolidated total income of Rs 3,324.00 crore, down 3.18 % from last quarter Total Income of Rs 3,433.00 crore. Dalmia declared a net profit after tax of Rs 188.00 Crore in latest quarter.

Dalmia Bharat About

The company came into existence in 2013. The mid-cap company operates in the cement sector. The company offers a range of cement variants through its brand portfolio of three marquee brands: Dalmia Cement, D almia DSP and Konark Cement.

Disclaimer

The stock has been picked from the brokerage report of ICICI Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.