Get App
Last Updated : Jun 15, 2017 03:16 PM IST | Source:

Buy Sanghi Industries; target of Rs 115: KR Choksey

KR Choksey is bullish on Sanghi Industries has recommended buy rating on the stock with a target price of Rs 115 in its research report dated June 12, 2017.

  • bselive
  • nselive
Todays L/H

KR Choksey's research report on Sanghi Industries

Sanghi Industries Ltd (SNGI), a flagship company of The Ravi Sanghi Group, possesses one of the largest integrated single stream cement plant with a clinker capacity of 3.3 MTPA, grinding capacity of 4.1 MTPA and a captive power plant (CPP) of 63 MW at Kutch. The company is one of the lowest cost producer of cement on account of proximity to limestone mines, lignite and fly ash sources coupled with power sourcing through CPP.


We initiate coverage on Sanghi Industries Ltd with a “BUY” rating and value the company at an EV/ton of $90 on FY19E and arrive at a target price of INR 115/share translating into an upside of 40.24% from CMP of INR 82/share.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Jun 15, 2017 03:16 pm
Follow us on