
Dalmia Bharat Ltd. (DALBHARAT) Gets a Buy from Prabhudas Lilladher
In a report released on June 26, Tushar Chaudhari from Prabhudas Lilladher maintained a Buy rating on Dalmia Bharat Ltd. (DALBHARAT – Research Report), with a price target of INR2,273.00. The company's shares closed yesterday at INR2,208.60.
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The word on The Street in general, suggests a Hold analyst consensus rating for Dalmia Bharat Ltd. with a INR1,900.00 average price target, which is a -13.97% downside from current levels. In a report released on June 24, Macquarie also maintained a Buy rating on the stock with a INR2,353.00 price target.
Based on Dalmia Bharat Ltd.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of INR41.84 billion and a net profit of INR4.35 billion. In comparison, last year the company earned a revenue of INR39.61 billion and had a net profit of INR3.15 billion
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