Dalmia Bharat share price gains as Goldman Sachs upgrades to ‘Buy’; sees 17% upside

Goldman Sachs upgraded Dalmia Bharat to Buy from Neutral with a target price of ₹2,020, implying about 17% upside from previous close. The brokerage cited easing energy cost concerns following US-Iran de-escalation and crude correction, though it flagged weaker monsoon as a key risk to rural cement demand. Dalmia Bharat was described as a tactical play with the highest expected growth among cement peers at attractive valuations.