ASTRAL
Active threads
Astral shares surge 10% on 48% profit jump, two broker upgrades
Astral's shares rallied 10% intraday, marking their biggest gain in five years, after the company reported a 48% year-on-year rise in Q1 PAT. The positive reaction was amplified by two broker actions: Citi set a target price of Rs 1,900, and Nuvama upgraded the stock to 'Buy'. The stock's strong momentum reflects investor confidence in the company's earnings beat and improved outlook.
Astral Q1 net profit jumps 52% to ₹120 crore, beats estimates
Astral's consolidated net profit for the June 2026 quarter surged 52% year-on-year to ₹120 crore, driven by strong growth in its paints and adhesives businesses. The results exceeded analyst expectations, with the company reporting a 48.21% rise in consolidated net profit as per regulatory filings. The stock reacted positively to the earnings beat.
Intelligence feed
No articles in the last 24 hours.