Limited Period Offer:Be a PRO for 1 month @Rs49/-Multiple payment options available. Know More

Buy Sanghi Industries; target of Rs 42: Anand Rathi

Anand Rathi is bullish on Sanghi Industries has recommended buy rating on the stock with a target price of Rs 42 in its research report dated November 14, 2020.

December 01, 2020 / 07:09 PM IST
  • bselive
  • nselive
Todays L/H

Anand Rathi's research report on Sanghi Industries

Weak demand in its operating regions (Gujarat/Maharashtra) due to Covid-19 and the monsoon hindered Sanghi’ Q2 performance. Cost optimisation, however, brought some respite. With the Kutch expansion to commence in Q3, its ramping up amid an uncertain demand environment would be key to watch.


We retain our Buy, with a higher TP of Rs42 (earlier Rs31), 9x FY22e EV/EBITDA.

For all recommendations report, 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.

Broker Research
first published: Dec 1, 2020 07:09 pm

stay updated

Get Daily News on your Browser