Divergence in Dalmia Bharat
The price near support, an opportunity to accumulates with favourable risk & rewards ratio.
Divergence in RSI, where the price is making lower lows, but RSI is making higher lows. This is often a bullish signal, indicating a potential reversal or consolidation before an upward move.
Fibonacci Retracement, the price corrected from all time high and retrenched to 38.20% level. The price holding above the weekly 200 EMA and currently hovering around the 50% retracement level a common area for price consolidation or reversal.
If the stock holds above the 200 EMA and breaks above the 0.618 Fibonacci level with increased volume, it could signal a move towards the ATH.
Management Commentary :
- With regards to our organic expansion, we are currently at 46.6 million tons, and we will reach 49.5 million tons by the end of Financial Year 25.
- Further company committed to becoming a Pan India player by 2031, having a cement capacity of 110- 130 million tons. The company had earlier guided the street that we will deliver 1.5x of the industry growth and reiterate the guidance.
-Identified levers for sustainable cost reduction, and management believe that they will able to reduce our cost to the tune of INR150-INR200 per ton in the next three years.
- During the full year, company expect to spend about INR3,500 to INR4,000 crores largely towards organic expansions, efficiency improvement, land and maintenance capex.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Divergence in RSI, where the price is making lower lows, but RSI is making higher lows. This is often a bullish signal, indicating a potential reversal or consolidation before an upward move.
Fibonacci Retracement, the price corrected from all time high and retrenched to 38.20% level. The price holding above the weekly 200 EMA and currently hovering around the 50% retracement level a common area for price consolidation or reversal.
If the stock holds above the 200 EMA and breaks above the 0.618 Fibonacci level with increased volume, it could signal a move towards the ATH.
Management Commentary :
- With regards to our organic expansion, we are currently at 46.6 million tons, and we will reach 49.5 million tons by the end of Financial Year 25.
- Further company committed to becoming a Pan India player by 2031, having a cement capacity of 110- 130 million tons. The company had earlier guided the street that we will deliver 1.5x of the industry growth and reiterate the guidance.
-Identified levers for sustainable cost reduction, and management believe that they will able to reduce our cost to the tune of INR150-INR200 per ton in the next three years.
- During the full year, company expect to spend about INR3,500 to INR4,000 crores largely towards organic expansions, efficiency improvement, land and maintenance capex.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
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