Dalmia Bharat: Nomura maintains a Buy on Dalmia Bharat with a Target Price of ₹2500, citing the strategically attractive acquisition of JAL cement assets that strengthens its Central India presence and pan-India ambitions, with favorable deal economics and attractive valuation at 10.9x forward EV/EBITDA.

 25 May 2026 08:54 AM

Dalmia Bharat: Nomura maintains a Buy on Dalmia Bharat with a Target Price of ₹2500, citing the strategically attractive acquisition of JAL cement assets that strengthens its Central India presence and pan-India ambitions, with favorable deal economics and attractive valuation at 10.9x forward EV/EBITDA.

Dalmia Bharat: HSBC maintains a Buy on Dalmia Bharat with a Target Price of ₹2490, citing the acquisition of Jaiprakash cement assets at an attractive valuation well below replacement cost, addressing growth and M&A concerns, while highlighting cheap valuation and strong regional exposure in South and East India as key positives.

 25 May 2026 08:54 AM

Dalmia Bharat: HSBC maintains a Buy on Dalmia Bharat with a Target Price of ₹2490, citing the acquisition of Jaiprakash cement assets at an attractive valuation well below replacement cost, addressing growth and M&A concerns, while highlighting cheap valuation and strong regional exposure in South and East India as key positives.

Dalmia Bharat: CLSA maintains an Outperform on Dalmia Bharat with a Target Price of ₹2240, citing the attractive acquisition of a 5.2mt central India cement asset at around US$70/t, which boosts growth and geographic diversification, though near-term supply additions could temporarily impact demand-supply balance.

 25 May 2026 08:54 AM

Dalmia Bharat: CLSA maintains an Outperform on Dalmia Bharat with a Target Price of ₹2240, citing the attractive acquisition of a 5.2mt central India cement asset at around US$70/t, which boosts growth and geographic diversification, though near-term supply additions could temporarily impact demand-supply balance.

Dalmia Bharat: Citi maintains a Buy on Dalmia Bharat with a Target Price of ₹2450, citing the inexpensive acquisition of JPA’s Central India assets at around US$60/t, which supports expansion and diversification goals, while improved ROCE, utilization, premiumization and cost reduction could drive returns despite lingering concerns over MF units.

 25 May 2026 08:55 AM

Dalmia Bharat: Citi maintains a Buy on Dalmia Bharat with a Target Price of ₹2450, citing the inexpensive acquisition of JPA’s Central India assets at around US$60/t, which supports expansion and diversification goals, while improved ROCE, utilization, premiumization and cost reduction could drive returns despite lingering concerns over MF units.

Dalmia Bharat: Jefferies maintains a Buy on Dalmia Bharat with a Target Price of ₹2445, citing the acquisition of Jaypee/Adani cement assets at an attractive ~US$70/t valuation that gives Dalmia entry into a new region with faster ramp-up potential, though it may intensify competition in Central India.

 25 May 2026 08:55 AM

Dalmia Bharat: Jefferies maintains a Buy on Dalmia Bharat with a Target Price of ₹2445, citing the acquisition of Jaypee/Adani cement assets at an attractive ~US$70/t valuation that gives Dalmia entry into a new region with faster ramp-up potential, though it may intensify competition in Central India.

Dalmia Bharat Limited: Refutes Claims Of SFIO Inquiry Into Fraudulent Mutual Fund Transfers; Company Has Filed Complaints With SEBI, NSE, And EOW; SEBI Identified Allied Financial Services' Actions As Fraudulent.

 08 May 2026 03:29 PM

Dalmia Bharat Limited: Refutes Claims Of SFIO Inquiry Into Fraudulent Mutual Fund Transfers; Company Has Filed Complaints With SEBI, NSE, And EOW; SEBI Identified Allied Financial Services' Actions As Fraudulent.