External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We maintain a BUY rating on Dalmia Bharat with an unchanged target price of INR 2,205/share (12x its Sep-26E consolidated EBITDA)</li><li>We interacted with Mr Puneet Dalmia (Managing Director and CEO) to understand market dynamics and Dalmia’s growth plans</li><li>The company remains committed to growing faster than the industry and scaling capacity to 75mn MT by 2027</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We maintain a BUY rating on Dalmia Bharat with an unchanged target price of INR 2,205/share (12x its Sep-26E consolidated EBITDA)We interacted with Mr Puneet Dalmia (Managing Director and CEO) to understand market dynamics and Dalmia’s growth plansThe company remains committed to growing faster than the industry and scaling capacity to 75mn MT by 2027Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Dalmia Bharat: Long-Term Growth Story Intact. Maintain BUY