On June 23, Dalmia Bharat shares fell 1% as the stock traded ex-dividend. The cement maker fixed the record date for the final dividend payout of Rs 5 per equity share for FY23.

The investor bought before the record date will be eligible to accept the declared dividend. The Dalmia Bhartia board broadcasted the dividend on April 25.
At 9:43 am, the scrip was down 1.1% at Rs 2,171 on the BSE.

In its annual report, the company planned long-term expansion and initiatives to recover margins, as it intended to maintain leverage comfortably.
In March, Dalmia Bharat signed a binding agreement to sell its 42.36% stake in Dalmia Bharat Refractories, an associate company, to promote Sarvapriya Healthcare Solutions for Rs 800 crore.

Analysts praised the company’s strategy to sell non-core business assets and its pure cement play emphasis. The stock rose 20% in the three months and nearly 80% over the year.