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