Dalmia Bharat, which is the fourth largest cement player in the domestic market reported a strong Q3 performance with volume growth of around 14 percent on a year-on-year (YoY) basis. The same is expected to continue as the industry has made a strong comeback after the pandemic.
Government spending on infrastructure too augurs well for the company. The outlook on FY22 demand appears to be promising. However, there are concerns on margins due to the rise in pet coke and oil prices.
In the special segment ‘Moneycontrol Pro Ideas For Profit’, Moneycontrol.com’s Sachin Pal gets more details on how the stock is expected to perform.
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(Edited by : Ajay Vaishnav)