Dalmia Bharat trades higher despite weak Q2 numbers; brokerages see up to 20% upside move
Dalmia Bharat Share Price: Following the release of Dalmia Bharats Q2FY23 numbers, brokerages have revised their targets, seeing an upside move of around 20 per cent.
Dalmia Bharat Share Price: Dalmia Bharat traded higher on Thursday, November 3, despite a massive fall in net profit falls in the July-September quarter. The cement maker on Wednesday reported a 76.84 per cent decline in consolidated net profit at Rs 47 crore against Rs 203 crore during the corresponding quarter a year ago.
The stock opened in red tracking the negative sentiment in the domestic markets amid a weak trend in global equity markets post aggressive rake hike by the Federal Reserve. The stock quoted Rs 1585 at 9:15 and later reversed to jump nearly 4 per cent at 3 PM to trade at Rs 1654 on the NSE.
Following the release of Dalmia Bharat's Q2FY23 numbers, brokerages have revised their targets, seeing an upside move of around 20 per cent.
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