Dalmia Bharat share price surged over 6 per cent on the NSE today. Dalmia which is country's third-largest cement group, on Tuesday launched a premium brand named Dalmia DSP Cement.
Senior Executive Director and group head B K Singh said that the novel cement, to be the first made available in the state of Tamil Nadu, was developed by the research team of Dalmia. He added that the company would provide free service to builders, enveloping soil testing, water test and supervisory advice.
Singh claimed that this special cement would increase the durability of concrete buildings. It would be packed in such amanner that the cement could be stored for a longer period of time even during the monsoon season and the moisture would not have any impact.
Executive Director K Swami Nathan said that Dalmia was among the top 5 companies in the industry in the nation.
Meanwhile, Dalmia Bharat share price was trading 5.28 per cent higher at Rs.1729 on the NSE today. The scrip opened at Rs.1645 from a previous closing of Rs.1642.35.
The company has seen a re-rating since the beginning of this financial year. The cement maker has gained 127 per cent since April, as compared to gains between 13 per cent and 39 per cent for the top 4 cement companies - Ultratech Cement, Ambuja Cements, Shree Cements and ACC.
The sharp run-up of Dalmia Bharat has been driven by its financial performance in Q1. The company clocked 22 per cent volume growth and 77 per cent profit growth in the April-June quarter. The company’s operating margin expanded 400 bsp (basis points). Dalmia Bharat’s EBITDA - earnings before interest, tax, depreciation and amortization of Rs.1300 each was the best in the industry.
Dalmia Bharat stands as the most preferred stock in the cement sector. Dalmia Bharat share price history will provide you with further details on the stock.
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