I also went thru the investor call transcript. The main concern remains the over capcity in the south and resultant pressure on cement prices. But still the positive outlook for sugar business will act as a hedge.
Its been in recomendations (target 275) list since from couple of months.. and as a whole industry is not at all given any returns as others did sofor! so, I feel it will be considerd as an investing when demand is low and will get an opportunity to exit during the demand picks up.
I don`t think this will have any impact. Company can also ask RBI to increase the limit, if they are keen.
Generally speaking, currently Dalmia has no immediate trigger as both Cement overcapacity concerns as well as Cane pricing concerns remain. Though because of transportation issue, there was news of temporary strengthening in cement prices.
I did some trading in between, sold at 150+, covered ~ 145. Do remain bullish for medium term.
| NIFTY 
