The company’s consolidated revenue rose 73% year-on-year to Rs 1,213 crore in the June quarter.
There was a significant increase in revenue from the company’s pipes, adhesives and paints.
Giving a buy rating to Astral Limited, Sharekhan gave his price target of Rs 2,300.
New Delhi. Astral Ltée is a big name in the manufacture of PVC and CPVC pipes. Shares of this large-cap company with a market capitalization of Rs 39,897.91 crore gave multibagger returns to long-term investors. An investor who invested one lakh rupees in this multibagger stock 15 years ago has become a millionaire today. Given the company’s strong results for the June quarter, analysts expect the stock to continue its upward trend.
On Friday, Astral Limited’s stock closed at Rs 2,000 with a gain of 1.07%. Today, Tuesday, August 16, this stock is down 2.78% and at around 12:45 p.m., its price was trading at Rs 1930. If you remove the day from today, then over the past year, this stock decreased by 1.99%. In 2022, this lion has fallen 14.24% so far. Astral Limited’s share reached its 52-week high at Rs 2,524.95 on 17th January 2022. The 52-week low for this stock is at Rs 1,581.55.
Also Read – This Multibagger Stock Crossed The 50,000 Level Today, Returned 18110% In 15 Years
full of investors
According to a Live Mint report, Astral Ltd. has gained 170% over the past three years. Similarly, in five years, this stock has given a multibagger return of 404.82% to investors and this stock has grown from Rs 396.18 to Rs 2,000. Similarly, over the past fifteen years, this stock has given returns of 35,806.64% to investors. The share price in March 2007 was Rs 5.57. Today, it has risen to Rs 2000. Currently, the stock is trading 20.79% below its 52-week high and 26.45% above its 52-week low.
3.59 crore made for one lakh
If an investor had invested one lakh of rupees in this stock 15 years ago and had maintained his investment, then today his investment came in the form of Rs 3.59 crore. Similarly, if an investor had invested one lakh rupees in this stock five years ago, then today this multibagger stock has converted his investment into 505,050 lakh rupees.
Read also – It will be cold for another two quarters IPO market, public issue of 1.6 lakh crore stalled due to volatility
Sharekhan advises to buy
Brokerage firm Sharekhan says Astral Limited has made more consolidated revenue than expected. The company’s consolidated revenue rose 73% year-on-year to Rs 1,213 crore in the June quarter. There was a significant increase in revenue from the company’s pipes, adhesives and paints. Giving a buy rating to Astral Limited, Sharekhan gave his price target of Rs 2,300.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of them, please consult a licensed investment adviser first. News18 is not responsible for the profits or losses you may cause. It will happen. )
Keywords: economic news, business news in hindi, Tips for earning money, multibagger stock, stock Exchange
FIRST POST: August 16, 2022, 1:10 PM IST