Current price is more than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

The leading brokerage firm Sharekhan has placed a buy call rating on the shares of Shree Cement, Ultratech Cement, Grasim Industries, The Ramco Cement, JK Lakshmi Cement, and Dalmia Bharat.

Top picks: Sharekhan is bullish on these 6 cement stocks for robust gain ahead

The midcap index remained range bound during the session. Most sectoral indices barring the IT sector performed on Friday session however the indices were volatile in nature. Midcap gainers included stocks like Shriram transport finance, Dalmia Bharat, Crompton greaves. Whereas Midcap losers were LTTS, Persistent Systems, ABB Ltd. 

Small cap gainers included Route Mobile, Birla Corp, Sparc which were gaining momentum during the day 

New worthy stocks amongst Midcap-Smallcap space included: 
Suven Life: Company approved raising of funds through rights issue up to Rs. 400 Cr. 
Canara Bank: Bank approved capital raising plan amounting up to Rs. 9000 by the way of debt instruments 
Nuvoco vistas: Promoter buys 200000 shares via open market
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Stock Market Updates: Midcap Index Remained Range Bound During Session | ET Now

Investors will watch if costs fall significantly, going ahead, leading to better earnings prospects

Dalmia Bharat’s expansion plans need demand to be robust

The company plans to tap into export markets, while consolidating presence in India

Dalmia Bharat Refractories in talks for acquisitions in Europe

A mid-cap company with a market valuation of ₹23,363 crore that operates in the cement industry is Dalmia Bharat Ltd. With a 35.9 MTPA capacity and a production base spanning 10 states, the firm is the fourth-largest cement player in India.

This 4th largest cement company of India finalizes record date for dividend

Broker’s Call: Dalmia Bharat (Buy)

Dalmia Bharat - Gearing For The Next Phase Of Growth, Cost Headwinds A Concern: Axis Securities

Dalmia Bharat - Building A Sustainable Future: Dolat Capital

The cement maker has said that the government’s continued focus on the infrastructure and housing sectors builds ‘optimism’ for the cement industry.

Cement Demand To Increase, Optimism In Industry; Committed To Rs 9,000-Crore Capex Plan: Dalmia Bharat

“Aligned with the government’s vision of building a stronger India, we committed a CAPEX of Rs 9,000 crore+ over the next few years. We are eyeing greenfield units and the debottlenecking of our existing plants to achieve our targeted capacity addition,” said Dalmia Bharat.

Cement demand to increase, optimism in industry, committed to Rs 9,000-crore capex: Dalmia Bharat

According to the latest annual report of Dalmia Bharat Ltd, the increased capital expenditure committed by the government in successive budgets, the Production-Linked Incentive (PLI) Scheme to boost the manufacturing sector and continuous commitment towards the housing sector, are expected to drive …

Cement demand to increase, optimism in industry, Committed to a CAPEX of Rs 9,000 crore, says Dalmia Bharat

Dalmia Bharat is an India-based cement manufacturing company. The Company's segments include Cement, Refractory and Other. 

Dalmia Bharat Ltd

Dalmia Bharat Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Top picks: Sharekhan is bullish on these 6 cement stocks for robust gain ahead

News Video

Stock Market Updates: Midcap Index Remained Range Bound During Session | ET Now

Dalmia Bharat’s expansion plans need demand to be robust

Dalmia Bharat Refractories in talks for acquisitions in Europe

This 4th largest cement company of India finalizes record date for dividend

Broker’s Call: Dalmia Bharat (Buy)

Dalmia Bharat - Gearing For The Next Phase Of Growth, Cost Headwinds A Concern: Axis Securities

Dalmia Bharat Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Top picks: Sharekhan is bullish on these 6 cement stocks for robust gain ahead

News Video

Stock Market Updates: Midcap Index Remained Range Bound During Session | ET Now

Dalmia Bharat’s expansion plans need demand to be robust

Dalmia Bharat Refractories in talks for acquisitions in Europe

This 4th largest cement company of India finalizes record date for dividend

Broker’s Call: Dalmia Bharat (Buy)

Dalmia Bharat - Gearing For The Next Phase Of Growth, Cost Headwinds A Concern: Axis Securities

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock