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Dalmia Bharat shares: Nomura slashes price target by 35% as Jaypee assets move to NCLT

By Business Today - 4 months ago
Stripping out Jaypee assets, the foreign brokerage sees limited potential for re-rating for Dalmia Bharat. It cut its target EV/Ebitda multiple for the stock to 11 times against 13 times earlier.

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