India's Sanghi Industries highest in more than 5yrs on stake buy report

Sanghi Industries

02/08/2023 05:21

** Shares of cement manufacturer Sanghi Industries  SNGI.NS  up
as much as 4.97% to 100.4 rupees, highest since May 22, 2018
    ** Co on track for fourth consecutive session of gains, if
trends hold
    ** Ambuja Cements  ABUJ.NS  reaches deal to acquire majority
stake in SNGI's operations, two sources with direct knowledge
said on Tuesday
    ** About 1.07 million shares traded as of 9:29 a.m. IST, 0.5
times of the 30-day average 
    ** Stock up 36.5% YTD as of last close 

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))