Sanghi Industries reports standalone net loss of Rs 88.82 crore in the June 2024 quarter

On a private placement basis, the company will allot 50 crore of 8% non-convertible cumulative redeemable preference shares with a face value of Rs 10, totaling Rs 500 crore, to Ambuja Cement

Sanghi Industries Approves 50 Crore Shares Allotment to Ambuja Cements

Lots of consolidation is taking place within the entire cement sector, in particular with the news on UltraTech and India Cements. How are you reading into this news?Chakri Lokapriya: UltraTech is the market leader at about 200 million tonnes. Adani with ACC and Ambuja acquisitions has become an important player in the cement industry. UltraTech has about 10% market share in the south currently and Ambuja is the next biggest player. With the recent acquisition by Adani of Sanghi Industries, UltraTech had to do something to maintain its position in the south. So, now, they want to add about 15 million tonnes in the south from India Cements. Now whether they acquire or do not acquire it, that is if they go ahead with their expansion plans, anyway with the 15 million tonnes they will probably have about 20% odd market share and that is important for them in an industry that is consolidating very fast. So, we will continue to see this race between Adani, UltraTech, as well as Dalmia Bharat Group.

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Is Cement Sector Consolidation Good for Investors And Should They Consider HDFC Bank's Momentum?

Adani group firm Ambuja Cements and Ravi Sanghi, the promoters of Sanghi Industries, will sell 3.52 per cent stake in the Saurashtra-based cement manufacturer.

Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries

Wall Street ends mixed after the S&P 500 & Nasdaq snap a 3-day losing streak as Nvidia rebounds. Asian equities mixed in early trade tracking cues from Wall Street. The GIFT Nifty is suggesting a flat start for the Indian market. 

#marketopening #sensex #nifty #stockmarketupdates #sharemarkettoday #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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Market Opening LIVE | Sensex, Nifty Open Trade Flat; CE Infosystems, Sanghi Industries In Focus

Sanghi Industries stock slipped up to 5.8 per cent at Rs 96.50 on the NSE in Wednesday’s early morning deals.

Sanghi Industries slips 6% after promoters offload 9.9 mn equity shares

Ambuja Cements Ltd. acquired an additional of 2.23% stake in Sanghi Industries on Dec. 5.

Sanghi Industries Shares Hit Upper Circuit After Ambuja Buys Additional Stake

Midcap Spotlight | Ambuja Cements is buzzing in trade after company completes acquisition of Sanghi Industries. In our special segment Midcap Spotlight, Nigel D'Souza gets us more details.


#ambujacements #sanghiindustries #acquisition #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

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Ambuja Cements Acquires Majority Stake In Sanghi Industries At An Enterprise Value Of ₹5,190 Crore

Ambuja Cements will acquire an additional 2.23% stake in Sanghi Industries for Rs 121.90 per equity share.

Ambuja Cements Shares Rise 7% On Plan To Increase Stake In Sanghi Industries

Ambuja Cements Ltd (ACL) would buy 26 per cent equity shares of Rs 10 each of Sanghi Industries from its public shareholders for a price of Rs 114.22 apiece. The offer would be worth up to Rs 767.16 crore, according to a Draft Letter of Offer.

Ambuja Cements’ open offer for Sanghi Industries to commence from September 29

Here are the stocks to watch before going into trade today.

Stocks To Watch: Adani Enterprises, Adani Power, Union Bank Of India, Aeroflex Industries, Sanghi Industries

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sanghi Industries Limited is engaged in the manufacturing and sale of cement and clinker.