Dalmia Bharat is India’s fourth largest cement player, with a manufacturing capacity of 43.7 million tonne (end of September quarter). It has consistently made substantial investments to increase production capabilities and broaden its presence across various regions. Most analysts are confident about the growth prospects of the company due to multiple reasons.
Dalmia Bharat, Axis Securities said, demonstrated a strong breakout from its medium-term "Rounded-Bottom" pattern at the level of Rs 2,280 on the weekly chart in the early September.
Mphasis was consolidating in a broader range of Rs 1,800-2,050 levels during the months of April to June. Thereafter the stock witnessed a breakout on the daily chart.