Investors held 50,95,490 shares or 1.97% stake in the company as of the third quarter. This represents a 0.63% increase in shares since Agarwal held 1.34% of his stake in the September quarter.
Around 3pm, the shares traded at Rs 71.75 per share on the NSE, up more than 2%. On the other hand, BSE recorded a high of Rs 72.05 per day.
According to the latest filings, the investors hold 50 shares publicly and have an estimated net worth of over Rs 256.8 billion. According to Trendlyne data, some stocks in his portfolio include:
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Sanghi Industries’ stock has risen 78% over the past three years, equivalent to a one-year return of 28%. According to Trendlyne data, the consensus recommendation by his two analysts at Sanghi Industries is “Hold.”
It is up 126% from a 52-week low of Rs 31.65 and a 52-week high of Rs 79.9.
The company has strong organic cash generation capabilities and has recorded improved cash flow from operations over the past two years. The FII has also consistently increased its stake in the counter, with his holding rate of 0.66% in the September quarter, up from his 0.16% in the June quarter. The company said in a BSE filing today that its board has approved the modification of the terms of non-convertible bonds issued by the company, and that it will issue up to Rs 350 crore on a private placement basis in February 2021.
With a market valuation of Rs 1,796 crore, Sanghi Industries is one of the leading cement producers in West India. The company produces the highest quality cement and provides effective building solutions for home and professional builders.
(Disclaimer: Professional recommendations, suggestions, views and opinions are their own and do not represent the views of The Economic Times)
