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Nomura maintains Buy on Dalmia Bharat; retains target price of Rs 2,500 after Q1 EBITDA beat

in5points
  1. Nomura maintains Buy rating on Dalmia Bharat with target price of Rs 2,500 after Q1 EBITDA beat.

  2. Management guided for Rs 70-75 per tonne quarter-on-quarter increase in operating costs in Q2.

  3. The cost increase is partly due to the West Asia conflict.

Nomura maintains Buy on Dalmia Bharat; retains target price of Rs 2,500 after Q1 EBITDA beat · in5points