MUMBAI: Shares of Dalmia Bharat Ltd closed at a fresh 52-week high of ₹989 on the National Stock Exchange on Tuesday, reacting to the company's decent September quarter earnings. However, due to the heavy monsoon in the East, the company saw seasonal correction in prices, the management said. As on March 2020, the company’s gross and net debt stood at ₹5,900 crore and ₹2,800 crore, respectively. The sharp rally in the stock clearly indicates that the market is excited about some of the aforementioned positives. The stock is trading at a one-year forward EV/Ebitda of around 7 times.

Source: Mint November 17, 2020 05:03 UTC