Astral: 6.5% Up
ASTRAL
Strong Q1 FY27 Results:
Profit jumped around 48–52% YoY, while revenue increased nearly 16%, beating expectations.
Positive growth outlook:
Management expects double-digit growth in plumbing and continued 15–20% growth in adhesives.
Brokerage optimism:
Nuvama upgraded Astral to Buy, while Citi raised its target price to ₹1,900, supporting investor sentiment.
Strong market reaction:
The stock surged nearly 10% intraday, reflecting renewed confidence after the results.
Overall:
Strong earnings + positive growth guidance + favourable brokerage views are driving the sharp rally.
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