Multibagger stock: Up 4,300% in 10 years! What's next for Astral Ltd?

Multibagger return

Shares of Astral Ltd have delivered over 4,300% return to its shareholders in the last 10 years

About the company

Astral Ltd and its subsidiaries are engaged in the business of manufacturing and trading pipes, fittings and adhesive solutions

Astral Ltd on D-Street

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

Astral current share price

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

What's next?

ICICI Securities has maintained a 'Buy' rating on the Astral stock with a target price of Rs 2,295

ICICI Securities on
Astral Ltd.

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 on Astral

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

Disclaimer

The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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