External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>However, given limited short-term upside potential from the current levels but a positive long-term outlook on the company, we recommend a HOLD' rating on the stock with a TP of Rs 2,250/share, implying a downside of -4.6% from CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

However, given limited short-term upside potential from the current levels but a positive long-term outlook on the company, we recommend a HOLD' rating on the stock with a TP of Rs 2,250/share, implying a downside of -4.6% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astral Poly Technik: Innovator and Trendsetter in the Piping Segment

<p>Q1FY22 results of Astral Limited were better than our expectations. Revenue grew by 73%, majorly on account of added plastics (+63%, YoY) and adhesives (+107.2%) segment. However, in Q1FY22, performance was hit by COVID 2.0 led disruptions – demand in both pipes and adhesives impacted while recovery in the second half of June has been strong</p><p>We expect revenue and PAT CAGR of 19% and 17.5% over FY21-24E and recommend HOLD' with TP of Rs 2,250.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Q1FY22 results of Astral Limited were better than our expectations. Revenue grew by 73%, majorly on account of added plastics (+63%, YoY) and adhesives (+107.2%) segment. However, in Q1FY22, performance was hit by COVID 2.0 led disruptions – demand in both pipes and adhesives impacted while recovery in the second half of June has been strongWe expect revenue and PAT CAGR of 19% and 17.5% over FY21-24E and recommend HOLD' with TP of Rs 2,250.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astral: Strong Growth Across Verticals; Rich Valuations

India

Astral Polytechnik Limited manufactures and markets CPVC plumbing systems for residential and industrial applications. The Company also manufactures ASTM solvent weld lead free PVC plumbing systems.

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Astral Ltd (ASTRA IN)

Astral Poly Technik: Innovator and Trendsetter in the Piping Segment

Given limited short-term upside potential from the current levels but a positive long-term outlook on the company, we recommend a HOLD rating on...

Axis Direct

Astral: Strong Growth Across Verticals; Rich Valuations

We expect revenue and PAT CAGR of 19% and 17.5% over FY21-24E and recommend HOLD; with TP of Rs 2,250. Q1FY22 results of Astral Limited were better...

Axis Direct

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