Astral shares surged nearly 10% after strong Q1 FY27 results, with profit rising 51.8% YoY. Citi retained a Buy rating with a Rs 1,900 target, while UBS maintained Accumulate. Nuvama upgraded the stock to Buy, citing strong pipe volumes and margin prospects, while Motilal Oswal retained Buy and CLSA maintained Hold.
Astral shares surged nearly 10% after strong Q1 FY27 results, with profit rising 51.8% YoY. Citi retained a Buy rating with a Rs 1,900 target, while UBS maintained Accumulate. Nuvama upgraded the stock to Buy, citing strong pipe volumes and margin prospects, while Motilal Oswal retained Buy and CLSA maintained Hold.
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Shares of building materials and piping major Astral surged as much as 9.5% to an intraday high of Rs 1,599 apiece on the BSE on Thursday after the company reported strong Q1 FY27 results.Astral posted a consolidated net profit of Rs 120.2 crore for the first quarter of FY27, up 51.8% from Rs 79.2 crore in the year-ago period.Astral attributed the growth in profitability to higher utilisation at its new manufacturing plants, a shift towards higher-margin products and strong operational executio…
