Gujarat-based Sanghi Industries, which will be expanding capacity by 50 percent and would come with a sizeable debt, is in focus in this special segment of "Midcap Microscope".
The company raised money via its qualified institutional placement (QIP) in 2018 at its peak, but now the stock trades at a fourth of what it was at its peak. The reason the street doubts Sanghi Industries, as more than 80 percent of its sales are dependent on the Gujarat market and the company has not been able to penetrate other regions in western India.
CNBC-TV18’s Nigel D'Souza brings you the details.Disclaimer: CNBC-TV18's Midcap Microscope only spotlights mid-sized companies and interesting developments in their prospects. These should not be misconstrued as stock recommendations.