Sanghi Industries hits a lower circuit, falls near 10%

Sanghi Industries Share Price: Sanghi Industries touched a lower circuit of 9.98 per cent in morning deals on Wednesday (January 17, 2024) days after Ambuja Cement's open offer to acquire a 26 per cent stake in the company began.

The stock of Sanghi Industries was trading down by 9.98 per cent, or Rs 14.80, at Rs 133.50 at 9:39 am on Wednesday.

The company informed the bourses on Tuesday that its Extraordinary General Meeting (EGM) will be held on February 8, 2024, at 11 am.

After today's fall, Sanghi Industries gain in the last 1 month has flattened, but it has soared by 66.56 per cent in the six-month period.

In the last one year, the stock has skyrocketed by 90.44 per cent.

The benchmark Nifty 50, meanwhile, has risen by 1.90 per cent in the last one month; 10.72 per cent in the six months, and 20.89 per cent in the one year.