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    Buy Astral, target price Rs 1900: Axis Securities

    Synopsis

    Astral Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 34686.86 Crore) operating in Plastics sector.

    BuyThinkStock Photos
    Promoters held 55.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.8 per cent, DIIs 12.68 per cent.
    Axis Securities has buy call on Astral with a target price of Rs 1900. The current market price of Astral Ltd. is Rs 1725.
    Time period given by analyst is one year when Astral Ltd. price can reach defined target.

    Astral Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 34686.86 Crore) operating in Plastics sector.

    Astral Ltd. key Products/Revenue Segments include Plastic Products and Other Operating Revenue for the year ending 31-Mar-2021.

    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1407.00 Crore, up 27.32 % from last quarter Total Income of Rs 1105.10 Crore and up 24.21 % from last year same quarter Total Income of Rs 1132.80 Crore. Company reported net profit after tax of Rs 146.00 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 55.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.8 per cent, DIIs 12.68 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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