Dalmia Bharat may test Rs 800: Mehraboon Irani

Written By Unknown on Jumat, 19 Desember 2014 | 18.00

Mehraboon Irani of Nirmal Bang Securities is of the view that Dalmia Bharat may test Rs 800.

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "With a clear disclosure that I am personally holding, my family members hold the stock and we are recommending it to our clients, we like something called  Dalmia Bharat . Nine million tonne capacity should become 24 million tonne by April 2015 making it the fourth largest cement player in the country. With an holding of about 6-7 percent by FIIs today I personally feel the stock becoming the fourth largest cement player in the country and should attract more attention of funds whether it is domestic or whether it is foreign funds."

"At the present level of Rs 430-435 I think there is a lot of value in the stock. We have a target of around Rs 800 for the stock going ahead over the next four quarters and this stock will attract more attention. We have a report on this, we have got it for our clients and we are
strongly recommending our clients to buy more and we have no intention to exit from the stock at least for the next 12 months," he said.


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