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DALBHARAT - Dalmia Bharat News Story

₹1784.7 58.4  3.4%

Last Trade - 28/01/22

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

BUZZ-Indian cement stocks jump aboard UltraTech rally

Thu 25th April, 2019 10:55am
** Shares of Indian cement makers Ambuja Cements Ltd
 ABUJ.NS , Ramco Cements Ltd  TRCE.NS , India Cements Ltd
 ICMN.NS  and Dalmia Bharat Ltd  ODIH.NS  climb between 2.57 and
8.42 pct
    ** The rally is driven by optimism after strong quarterly
numbers and volume growth at larger rival UltraTech Cement, said
an analyst with a local brokerage who did not wish to be named
    ** "This is a sort of rerating" - analyst
    ** The country's largest cement maker UltraTech Cement Ltd
 ULTC.NS  on Wednesday reported March-quarter net profit of
10.17 bln rupees - more than double from last year and beating
analysts' consensus forecast of 7.79 bln rupees  urn:newsml:reuters.com:*:nFWN2260E3
    ** This is the company's first rise in quarterly profit
since June-qtr 2017; Q4 domestic sales volumes jumped 16 pct
    ** UltraTech shares up 6.6 pct to record high, see best day
since Nov. 2; clock trading volumes of 7x 30-day average
    ** HSBC attributes UltraTech's earnings beat to
better-than-expected cost efficiencies; raises TP to 3,200
rupees from 3,140 rupees
    ** Shares of Dalmia Bharat climb 8.4 pct to seven-week high,
while India Cements jumps 6.2 pct

 ((Reuters Messaging:
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