Dalmia Bharat News

Sugar Stocks: Shares of sugar and ethanol production companies surged on BSE following the government's decision to allow sugar mills to use cane juice or syrup for ethanol production starting November 1, 2024. This policy shift aims to boost renewable energy usage and reduce fossil fuel dependence.

Sensex and Nifty50 reached record highs on Friday, buoyed by gains in Asian markets. The rally was led by banking and financial stocks. U.S. economic data showed a growth of 3% last quarter, easing recession fears. Investors are now focusing on U.S. inflation data and India's upcoming April-June growth figures.

Announcement under Regulation 30 of SEBI Listing Regulations

Announcement under Regulation 30 of SEBI Listing Regulations

Details of Loss of Certificate

Announcement under Regulation 30- Analyst / Investor Meet

Regulation 39(3) of SEBI LODR Regulations for intimation of Loss of certificate

Update as per attached letter

Ambuja Cements, owned by Adani Group, saw an investment boost from GQG Partners, increasing their stake to 2.04%. Shares rose 4% following the deal. The Adani Group plans to raise Rs 30,000 crore by selling shares in its listed firms. Adani is aggressively expanding its cement business to challenge market leader UltraTech.

As per letter attached

As per letter attached

The Indian cement industry is planning a capital expenditure of around Rs 1.25 lakh crore for FY25 to FY27 to meet increasing demand, according to a report by CRISIL. This will add 130 million tonnes of cement grinding capacity. The sector’s credit profiles are expected to remain stable due to low capex intensity and strong balance sheets. Major players such as UltraTech and Adani Group are leading the expansion. The top five cement manufacturers held around 54 per cent of the market share in FY24, indicating significant consolidation in the industry.

As per covering letter attached

Major cement companies in India reported slight volume growth in the June quarter amid falling prices and higher raw material costs. UltraTech, Ambuja Cements, and ACC saw increased sales and capacity utilization. Nonetheless, overall revenue growth was limited, and construction activities slowed due to intense heatwaves and elections, hurting profits.

Announcement under Regulation 30- SEBI LODR

Intimation of Schedule of Analyst/ Institutional Investor Meeting(s)

Intimation of Schedule of Analyst/ Institutional Investor Meeting(s)

Intimation of Schedule of Analyst/ Institutional Investor Meeting(s)

Announcement under Regulation 30 LODR- Update

Intimation of Schedule of Analyst/ Institutional Investor Meeting(s)

Newspaper Notice for Transfer of shares to IEPF

Announcement under Regulation 30 of LODR- Earnings Call Transcript

Information under Regulation 39(3) of LODR Regulations

Announcement Under Regulation 30- Audio Recording of the Earnings Call Held For Unaudited Financial Results For The Quarter ended June 30, 2024

Newspaper publication of unaudited financial results for the quarter ended June 30, 2024

Citi has maintained a neutral rating on Infosys but increased the target price significantly from Rs 1,550 to Rs 1,850. This suggests they expect the stock price to rise, albeit without a strong buy recommendation. The guidance for future revenue growth was revised to 3-4%, partly due to recent acquisitions.

Nifty50 reaches 24,800; RIL, Wipro, Infosys, Tata Technologies reveal first-quarter results. Vodafone Idea issues Rs 615 crore in equity shares. Infosys records 3.6% revenue growth, broad-based in constant currency. Tata Technologies' profit falls 15%. CIE Automotive earns Rs 217 crore. JSW Steel's results await.

PFA

Outcome of Board Meeting held on July 18, 2024

Press Release

Please find the attached outcome of Board Meeting held on July 18, 2024.

Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018

Analysts expect Nifty to continue its upward trend towards 24,780 and 24,965. Strong performance predicted for stocks such as ITC, HUL, and Reliance. Opportunities seen in oil & gas sector and IT stocks like HCLTech. Investors advised to monitor support levels and consider profit-taking.

Invite for investors/analyst conference call on Friday, July 19, 2024

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 34983.26 Crore) operating in Cement sector.

Dalmia Bharat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/07/2024 ,inter alia, to consider and approve of Board Meeting scheduled to be held on Thursday, July 18,2024

Nifty 50 cos expect double-digit June revenue, profit growth, with net profit up 26.4% and 20.6% operating margins. Noted sectors' improvements, geopolitical concerns, Maruti Suzuki's volume growth, credit growth issues, moderate inflation effects, and rural consumption. Analysts predict 13% and 17% EPS growth in FY25 and FY26.

Announcement under Regulation 30- Update

Cement is a sector which has probably seen maximum mergers and acquisition in the last three years. Right from the second biggest player witnessing a change in ownership, to small players being taken over. With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. Even this week it played on the street, with cement stock witnessing a decline. But the question is whether this correction in stock price gives an opportunity to investors to get into a sector which is witnessing a fundamental shift in terms of how the demand curve pans out. Probably the answer is tilted toward yes for at least some players.

Announcement under Regulation 30- Commencement of Commercial Production at Kadapa, Andhra Pradesh