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Rakesh Madhav CFA

17th Sep · SEBI-Registered Analyst

🏗️ Dalmia Bharat (CMP ₹2,476, +2.0% today)

DALBHARAT
Dalmia Bharat surged with strong volumes, marking a fresh breakout after steady consolidation. Cement stocks are gaining traction amid infrastructure push and demand revival. 🔹 Technical View Strong bullish candle with volume spike confirms breakout strength. RSI at 79 signals strong momentum but is entering the overbought zone. Support: ₹2,400–2,420, Resistance: ₹2,500–2,550. Sustained close above ₹2,500 can open the path toward ₹2,650+. 🔹 Fundamental View Leading cement player with a robust capacity expansion pipeline. Beneficiary of housing & infra growth cycle and government’s infra spending push. Focus on cost efficiencies and margin stability adds strength to the long-term outlook. ⚖️ Conclusion: Dalmia Bharat is showing a strong breakout backed by volumes. Traders should watch ₹2,500+ for momentum continuation, while investors can see it as a structural cement play with long-term demand drivers. Would you like me to

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