Shares of Dalmia Bharat today fell to an over four-year low of Rs 1,507.70 on the National Stock Exchange after the cement make posted a weak set of earnings for the July-September quarter of the financial year 2026-27. The company's performance was hit by exceptional expenses, higher input costs and muted volume growth, prompting six brokerages to cut their target prices.
Dalmia Bharat share price: Cement stock falls to four-year low
Dalmia Bharat shares opened at Rs 1,545 on NSE and fell 7.2 percent to touch an intra-day low of Rs 1,507.70. At around 12.50 pm, the stock was trading 5.49 percent lower at 1536.50.
Several brokerages expressed concerns over the company's near-term profitability, cost pressures and losses in market share. HSBC downgraded the stock to 'Hold' from its earlier rating, while Morgan Stanley maintained an Underweight stance. On the other hand, Citi, CLSA, Jefferies and Prabhudas Lilladher retained positive ratings but lowered their target prices.
Dalmia Bharat Ltd a consolidated net loss of Rs 205 crore in the September quarter of FY27. The company had posted a net profit of Rs 239 crore in the July-September period of the previous fiscal year, according to a regulatory filing.