DAM Capital has upgraded Dalmia Bharat's rating to 'Buy', setting a target price of INR 2,030. The company anticipates price increases of approximately Rs 30-50 per bag starting from April 2026, aiming to counteract cost inflation.

DAM Capital has recommended buying cement stocks due to anticipated price increases of Rs. 30-50 per bag and favorable valuations, potentially leading to a 7.4%-21.9% increase in shares for companies like UltraTech Cement, JSW Cement, Shree Cement, Ambuja, Dalmia Bharat, and Nuvoco.

Dalmia Bharat has successfully resumed operations at its Odisha kiln after a temporary shutdown earlier this month. The brief halt disrupted production by approximately 2.5 to 3 lakh tons in March, but the company is now back to normal output levels.