External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Entering PVC Resin Manufacturing-leading to Margin Improvements: Astral has been developing CPVC resin manufacturing capabilities over the past three years and has achieved its quality and cost objectives, meeting international standards.</li><li>As CPVC resin is a key raw material for the company, it has entered into an agreement with Nexelon Chem, in which it holds an 80% equity stake.</li><li>The estimated project cost is Rs 150 Cr for a 40,000 MT capacity, with Astral committing Rs 120 Cr (80% share). </li></ul><p><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></p>

Entering PVC Resin Manufacturing-leading to Margin Improvements: Astral has been developing CPVC resin manufacturing capabilities over the past three years and has achieved its quality and cost objectives, meeting international standards.As CPVC resin is a key raw material for the company, it has entered into an agreement with Nexelon Chem, in which it holds an 80% equity stake.The estimated project cost is Rs 150 Cr for a 40,000 MT capacity, with Astral committing Rs 120 Cr (80% share). 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.

Axis Punch: Astral Ltd - 03rd September, 2025