HDFC: What do global brokerages say on Dalmia Bharat, HDFC merger and financials

New Delhi: Global brokerages have turned positive on select Indian regions as companies have started providing updates for the June 2022 quarter performance. That said, some people have a point of caution on infra play. J. P. Morgan Has maintained its ‘overweight’ stance on the cement company Dalmia Bharat 1,680 over the counter with a target price of Rs. However, it has further cut its consensus earnings for the company. The brokerage said the earnings outlook remains bleak, though Q2 should be at the bottom and pricing power would be…