Astral Ltd.

NSE: ASTRAL | BSE: 532830 | ISIN: INE006I01046 | Industry: Plastic Products
| Expensive Performer
1501.8000 -23.10 (-1.51%)
NSE May 29, 2025 15:31 PM
Volume: 583.6K
 

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Astral Ltd.
29 Oct 2019, 12:00AM
1501.80
-1.51%
ICICI Securities Limited
Astral reported consolidated revenue growth of 9% YoY in Q2FY20 slightly lower than our estimate mainly on account of a decline in revenue of adhesive segment by ~10% YoY. However, piping segment (standalone) recorded strong revenue growth of 14% led by volume growth of ~17% YoY (including Rex, volume growth was higher at 27% YoY). The strong volume growth came on the back of strong demand of CPVC, PVC pipes along with ~8% YoY price hike in the CPVC pipe category. The management guided for strong volume growth in the piping segment (I-direct estimate:...
Astral Ltd. is trading above its 100 day SMA of 1390.2
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