🚿 Astral Ltd (CMP ₹1,566 | +6.7%)

echnical View:

rallied nearly 6% post-results, breaking decisively above ₹1,520 with strong volume momentum, signaling a bullish breakout after months of consolidation. The stock is now trading well above its 9-EMA (₹1,479), confirming trend reversal. RSI at 74 indicates strong momentum, though mildly overbought — a brief pause near ₹1,550–₹1,560 may precede further upside toward ₹1,680–₹1,700. Immediate support lies at ₹1,480. Fundamental View: In Q2 FY26, Astral’s consolidated revenue rose 7.8% YoY to ₹1,560 crore, while plumbing volumes surged 20.6%, reflecting robust demand recovery in the housing and infra segments. EBITDA grew 13% YoY to ₹301 crore, with margins expanding ~90 bps to 19.3%. PAT came in at ₹200 crore (+8.5% YoY). Management highlighted strong traction from its adhesives and water-tank segments, and reaffirmed guidance for double-digit volume growth ahead. Astral’s balance sheet remains debt-free with ROCE > 22%. Analyst Rating: Brokerages maintain a BUY rating, citing consistent execution, margin expansion, and healthy demand outlook. Target: ₹1,720 (≈10% upside) | Stop-loss: ₹1,480. Consensus calls Astral a steady compounder in the building-materials space, well-positioned for long-term housing revival.