NYSE:INGRFood
Assessing Ingredion (INGR) Valuation After New Sanstar Joint Venture In India
Joint venture in India reshapes the story around Ingredion stock
Ingredion (INGR) just announced a joint venture and a 9% equity stake in India-based Sanstar Limited, including plans for a new greenfield facility focused on specialty pharmaceutical and food ingredients.
See our latest analysis for Ingredion.
Despite the Sanstar joint venture announcement and a recently affirmed quarterly dividend, Ingredion’s share price has slipped, with the 30 day share price return down 9.19% and the year...