Skip to main content

Dalmia Bharat outpaces its peers 

Published by , Editor
World Cement,


According to a Bloomberg report, Dalmia Bharat has gained 94% in one year, yet the gap between its current market price and the Bloomberg consensus 12-month price target is at its widest.

The consensus price target provided by 14 analysts is Rs 2110, which indicates a 43% potential upside for the stock from the current market price.

In fact, its return potential based on Bloomberg consensus is also the best when compared to its four largest peers by market capitalisation: Ambuja Cements Ltd., UltraTech Cement Ltd., Shree Cement Ltd., and Ramco Cements Ltd.

So why are analysts most bullish on Dalmia Bharat in the cement industry?

The company's recent proposal to merge with its subsidiary OCL India will lead to a simplified corporate structure, which in turn will bring down the tax burden as well as overhead expenses.

Steady earnings over the last two quarters have also led analysts to assign high price targets over the near-term.

Read the article online at: https://www.worldcement.com/indian-subcontinent/22122016/dalmia-bharat-outpaces-its-peers/

You might also like

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

India cement news


 

World Cement is not responsible for the content of external internet sites.