Ankur Kulshrestha of HDFC Securities told CNBC-TV18, “We like Sanghi Industries , which has a four million tonne plant in coastal Kutch and they basically are sitting on a billion tonne of limestone and this is contiguous lease, so they do not basically need to acquire any land or limestone leases from here on to grow. They have been supplying only to Gujarat based markets and off late, they have started targeting Mumbai which typically is a higher priced market, so you make better money. So, these triggers are coming into play as we look at the numbers and we have been positive on Sanghi for a while. We have a price target of Rs 85 which is about USD 100 per tonne for them. My sense is that the company has a very good potential even beyond that.”
