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DALBHARAT - Dalmia Bharat News Story

₹1784.7 58.4  3.4%

Last Trade - 28/01/22

Sector
Basic Materials
Size
Large Cap
Market Cap £3.32bn
Enterprise Value £3.14bn
Revenue £1.09bn
Position in Universe 151st / 3193

BUZZ-India's Dalmia Bharat hits 14-month high on strong Q2 results

Fri 6th November, 2020 6:22am
** Shares of cement maker  DALB.NS  rise as much as 6.34% to
928 rupees, their highest since Aug. 30, 2019
    ** New Delhi-based co on Thursday reported a near nine-fold
rise in Sept. qtr profit, while revenue rose 7.8%  urn:newsml:reuters.com:*:nFWN2HR13E
    ** Co said results were helped by cost savings, demand from
rural segment, pickup in government's infrastructure and low
cost housing projects
    ** In Q2 DALB, known for namesake Dalmia Cements brand,
repaid close to 2.46 bln rupees of debt
    ** About 885,900 shares change hands, 4x 30-DMA
    ** Nineteen out of 21 analysts rate the stock at "buy" or
"strong buy"; 1 "sell"; 1"hold"
    ** DALB shares up 9% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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