News for Sanghi Industries Limited (SANGHIIND.BO)

NCLT approves Adani Cementation merger with Ambuja Cements, consolidating Adani Group's cement business for synergistic benefits.

Adani Group stocks saw significant gains on Tuesday as the NSE Nifty 50 and BSE Sensex rebounded from the previous session's slump. The Nifty 50 opened 1.8% higher at 22,568.65, while the Sensex surged 1.63% to 74,331.78, reflecting renewed investor confidence.

Buzzing Stocks Today, Stocks that will see action today: 7 March 2025 - TCS, Aarti Drugs, BEL, K&R Rail, Ambuja Cements, BEL, Coromandel Intl, Jay Bharat Maruti, Kalpaturu Projects, Laurus Labs, Biocon, Brigade group, RVNl, RITES, Firttsource, and Avanti Feeds

Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23.

Honasa Consumer, Salasar Techno Engineering, Vakrangee, Subex, Hardwyn India and Gensol Engineering are among 276 of 938 index constituents, which have fallen 75-80% from their 52-week highs levels.

Adani group stocks rallied on Thursday morning after Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down. Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent, Adani Enterprises climbed 7.72 per cent, Adani Total Gas jumped 7.10 per cent, NDTV rallied 7 per cent and Adani Energy Solutions advanced 6.63 per cent on the BSE.

As many as 11 listed Adani stocks have declined up to 63% from their respective 52-week highs.

This positive trend comes a day after all Adani Group stocks ended lower on Monday

India Business News: Adani Group stocks experienced a significant recovery on Tuesday, with Adani Power leading the surge by 19.29%. Other notable increases included Adani

Sanghi Industries share price: The merger of Sanghi Industries and Penna Cement Industries into Ambuja aims to streamline operations and solidify its market position. Under the proposed scheme with Sanghi Industries, shareholders will receive 12 Ambuja Cements shares for every 100 Sanghi shares held.

Sanghi Industries shares dropped 12.4% after Ambuja Cements announced a merger scheme offering 12 shares for every 100 Sanghi shares. The merger aims to enhance efficiency and streamline operations.

Ambuja Cement is merging with Sanghi Industries Limited (SIL) and Penna Cement Industries to enhance governance, efficiency, and competitive strength. The merger will solidify Ambujas market leadership and support long-term growth.

Stocks including Mobikwik, Vishal Mega Mart, Ambuja Cements, Adani Energy, Auro Pharma, Sai Life Sciences, Sun TV Network and more will be in the spotlight on Wednesday, December 18.

Ambuja Cements will issue 12 equity shares of a face value of ₹2 each for every 100 equity shares of Sanghi Industries, says Adani Group

The scrip of Adani Green Energy slipped 2.46 per cent to Rs 1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power (down 1.05 per cent), Adani Energy Solutions (down 1.11 per cent) and Adani Total Gas skid by 0.33 per cent on the BSE.

Shares of Adani Energy Solutions Ltd were trading 6.55 per cent higher at Rs 704.55. Adani Green Energy Ltd jumped 5.51 per cent to Rs 1,043.85. The two stocks have been put under the first stage of the short-term ASM on NSE and BSE.

Foreign Institutional Investors (FIIs) have been reducing their holdings in several Adani Group stocks over the past three quarters, while increasing stakes in others. This comes amidst allegations of bribery and fraud against Adani Group Chairman Gautam Adani by the US Securities and Exchange Commission, leading to a significant drop in the company's market value.

May 02, 2024 / NTS GMTOperator Ladies and gentlemen, good day, and welcome to the earnings conference call for the quarter and year ended March 31, 2024 of Ambu

With a fall of 85%, Sanmit Infra emerged as the top loser on the list; the scrip fell to Rs 14.08 on August 29 from its 52-week high of Rs 90.92