Dalmia Bharat Shares Plunge 6% After Quarterly Loss
Dalmia Bharat shares fell more than 6% after the cement maker reported a weaker-than-expected September-quarter performance. HSBC cited weak volume growth, higher costs and impairment charges.
HSBC cites weak volume growth, a sharp rise in costs and impairment charges as key factors behind the quarterly lossShares of Dalmia Bharat fell more than 6 per cent on Tuesday, October 27, after the cement maker reported a weaker-than-expected September-quarter performance, with subdued demand, ri…