Global brokerage firm CLSA maintained outperform rating on as well as and a buy rating on . Goldman Sachs, meanwhile, initiated coverage on with a buy rating. We have collated a list of recommendations from top global brokerage firms from ETNow: CLSA on UltraTech Cement and Dalmia Bharat:CLSA maintained outperform rating on UltraTech Cement and … Read more
The Indian sugar industry, the second largest global producer after Brazil (~36.5 MT), with 30.8 MT of production in the sugar season (Oct-Sep) 2020-21, was traditionally known for exports, cyclicity and its high operating costs. Synopsis The sugar sector is undergoing a massive revolution and has emerged as a powerful driver of clean energy, accelerating … Read more
Synopsis The Indian cement industry is crowded with multiple players trying to survive in cut-throat competition. The top 5 players in the industry are UltraTech Cement, Shree Cement, ACC Ltd, Ambuja Cements and Dalmia Bharat. These players together have a capacity of over 270 million tonnes per annum (MTPA). Let us look at the top … Read more
New Delhi: Global brokerages have turned positive on select Indian sectors as the companies have begun to provide updates for the June 2022 quarter performance. That said, some have a word of caution on infra plays. JP Morgan has maintained its ‘overweight’ stance on cement company Dalmia Bharat with a target price of Rs 1,680 … Read more
The government has set up a 25-member development council for cement industry under Dalmia Bharat Group CMD Puneet Dalmia which will suggest ways to eliminate waste, obtain maximum production, improve quality, reduce costs and promote standardization of products. The Department for Promotion of Industry and Internal Trade (DPIIT) said in an order that other functions … Read more