Anik Industries Limited (ANIKINDS.BO)
Anik Industries Limited operates in the Conglomerates industry of the Industrials sector, headquartered in Indore, MP, IN. The stock last traded at $42.54, up 2.88% on the session, giving a market capitalisation of $1.18B. Its beta of 1.52 implies it has historically moved more than the broad market.
Anik Industries Limited, established in 1976 and based in Indore, India, engages in a wide array of business activities. The company's core operations involve the domestic trading of agricultural commodities, edible oils, and coal. Its diverse portfolio is segmented into Wind Power generation, Real Estate development, and a broader 'Others' category. Within its agri-commodity dealings, Anik Industries handles various products such as cotton, oilseeds, grains, pulses, spices, vanaspati oils, and other agro-based goods. Additionally, it provides integrated ferro alloys, which are vital for steel production. The company operates wind power facilities situated in Nagda, Dewas (Madhya Pradesh) and Jaisalmer (Rajasthan). Its real estate division focuses on the construction and development of residential projects and other properties. Furthermore, Anik Industries is involved in mining natural resources, including manganese, and developing phosphate rock deposits. The company also extends its market presence through the export of its products. Anik Industries Limited adopted its current name in September 2006, having previously been known as Madhya Pradesh Glychem Industries Limited.
Anik Industries Limited is most often compared with the following Industrials names: