Morgan Stanley maintains ‘Inline’ on Dalmia Bharat with a target price of Rs 1,750

Morgan Stanley has reaffirmed its ‘Inline’ rating on Dalmia Bharat with a target price of ₹1,750, implying a marginal downside of 1.4% from the current market price (CMP) of ₹1,774.95.

The brokerage described the company’s performance in Q3 as another weak quarter, with operational costs exceeding expectations. Despite these challenges, Dalmia Bharat is prioritizing sales in the North and Central regions, where pricing trends were favorable during the quarter.

Advertisement

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

(Data as on 7:55AM, January 22, 2025)