Dalmia Bharat, incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 35965.86 Crore) operating in Cement sector.
Dalmia Bharat key Products/Revenue Segments include Income From Management Services for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Pradip Kumar Khaitan, Mr.Puneet Yadu Dalmia, Mr.Gautam Dalmia, Dr.Niddodi Subrao Rajan, Mr.Yadu Hari Dalmia, Mrs.Sudha Pillai, Mr.Virendra Singh Jain. Company has S S Kothari Mehta & Co as its auditors. As on 30-09-2022, the company has a total of 19 Crore shares outstanding.
Investment Rationale
The stock on weekly timeframe has decisively broken out above the “Multiple resistance zone” placed at1800-1760 levels. Also, the stock broke out above medium term downward sloping trendline indicating change of trend. The daily and weekly strength indicator RSI is in bullish mode and weekly RSI holding above its reference line which indicate positive momentum.
Promoter/FII Holdings
Promoters held 55.87 per cent stake in the company as of 30-Sep-2022, while FIIs owned 14.01 per cent, DIIs 8.01 per cent.
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