Shares of Astral Ltd have delivered over 4,300% return to its shareholders in the last 10 years
Astral Ltd and its subsidiaries are engaged in the business of manufacturing and trading pipes, fittings and adhesive solutions
Shares of Astral Ltd hit its 52-week high of Rs 2,654 on September 9, 2022, and a 52-week low of Rs 1,584 on June 20, 2022
Shares of Astral Ltd ended 0.51% higher at Rs 1986.90 on January 17, 2023. The market cap of the firm rose to Rs 40,027.82 crore
ICICI Securities has maintained a 'Buy' rating on the Astral stock with a target price of Rs 2,295
There are strong tailwinds in volumes for the pipe segment and margins in both the businesses of pipes and adhesives are expected to normalise from Q4FY23E after being under pressure in H1FY23
Axis Securities believes the company is gaining market share in the plumbing segment. It has a 'Buy' rating with a TP of Rs 2,280
The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position
Story by: Tanya Aneja
Designed by: Pragati