The company’s consolidated revenue rose 73 percent year-on-year to Rs 1,213 crore in the June quarter.
The company’s revenues from pipes, adhesives and paints increased significantly.
Sharekhan assigned a target price of Rs 2,300 to Astral Ltd. with a Buy rating.
New Delhi. Astral Ltd. A leading name in the manufacture of PVC and CPVC pipes. With a market capitalization of Rs 39,897.91 crore, the stock of this large cap company has given investors multibagger returns over the long term. An investor who invested Rs 1 lakh in this multibagger stock 15 years ago has become a millionaire today. Looking at the company’s June quarter results, analysts expect the stock to continue its upward trend.
On Friday, the stock of Astral Ltd rose 1.07 percent to close at Rs 2,000. Today, Tuesday, August 16, this stock fell by 2.78 percent and was trading at Rs 1930 at around 12:45 PM. If we remove today, the stock has lost 1.99 percent in the last one year. In 2022, this lion has decreased by 14.24 percent so far. Shares of Astral Limited touched its 52-week high of Rs 2,524.95 on 17 January 2022. The stock’s 52-week low is Rs 1,581.55.
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Full of investors
According to a report by LiveMint, Astral Limited’s stock has risen 170 percent over the past three years. Similarly, in five years, the stock has given investors a multibagger return of 404.82 percent and the stock has risen from Rs 396.18 to Rs 2,000. Similarly, in the last fifteen years, this stock has given investors a return of 35,806.64%. In March 2007, the share price was Rs 5.57. Today it has increased to 2000 rupees. Currently, the stock is trading 20.79 percent below its 52-week high and 26.45 percent above the 52-week low.
3.59 crore per lakh
If an investor had invested Rs 1 lakh in this stock 15 years ago and maintained his investment, today his investment would be Rs 3.59 crore. Similarly, if an investor had invested Rs one lakh in this stock five years ago, today this multibagger stock has converted his investment to Rs 505,050 lakh.
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He advised to buy shares
Brokerage firm Sharekhan says Astral Ltd achieved better-than-expected consolidated revenue. The company’s consolidated revenue rose 73 percent year-on-year to Rs 1,213 crore in the June quarter. The company’s revenues from pipes, adhesives and paints increased significantly. Sharekhan assigned a target price of Rs 2,300 to Astral Ltd. with a Buy rating.
(Disclaimer: The stocks mentioned here are based on the advice of the brokerage house. If you want to invest in any of these, please consult a certified investment advisor first. News18 is not responsible for any profit or loss you may incur. )
Tags: Business News, Business news in Hindi, Money Making Tips, Multibagger stock, capital market
First Published: August 16, 2022, 13:10 IST