Anand Rathi has given Buy recommendation for Dalmia Bharat with a target price of Rs. 1650 in its research report issued on Feb 06, 2021

Anand Rathi’s research report on Dalmia Bharat

With itsforthcoming expansion and diversified operations in West, Dalmia Bharat is set to cater to counting demand. The WHRS expansion and new efficient plants would further enhance operating efficiency. The de-levering exercise and forensic audit report for mutual fund units fraud in its favour are other positives.

Outlook

We retain a Buy, with a higher target of Rs,1,650 (earlier Rs,1,174.)

Leave a Reply

Your email address will not be published. Required fields are marked *