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Sanghi Industries Limited ( (IN:SANGHIIND) ) has provided an update.
Sanghi Industries Limited has shared a letter from Gautam S. Adani, addressing shareholders about the recent challenges faced by the Adani Group following a critical report by Hindenburg. The Securities and Exchange Board of India (SEBI) has dismissed the allegations, reinforcing the group’s resilience and governance. The company has demonstrated significant growth, with a 57% increase in EBITDA and a 48% rise in asset expansion over two years, highlighting its strong performance and strategic positioning.
More about Sanghi Industries Limited
Sanghi Industries Limited operates in the cement industry, providing a range of cement products. The company is part of the Adani Group, which is known for its diverse operations across various sectors, including infrastructure and energy.
Average Trading Volume: 12,013
Technical Sentiment Signal: Hold
Current Market Cap: 17.39B INR
For a thorough assessment of SANGHIIND stock, go to TipRanks’ Stock Analysis page.