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Astral Ltd., a leading manufacturer of plastic pipes and fittings in India, has recently experienced notable developments:

Stock Performance and Analyst Ratings:

• Stock Performance: As of January 7, 2025, Astral Ltd.’s share price stands at ₹1,576.80, reflecting a 1.31% increase from the previous close.
• Analyst Ratings: Investment firm Anand Rathi has upgraded Astral’s rating to ‘Buy’ with a target price of ₹2,666. The firm anticipates robust growth in revenue, EBITDA, and PAT, projecting a 10-15% volume growth in plumbing and a 15% revenue growth in paints and adhesives for FY25.

Financial Highlights:

• Quarterly Results: In the quarter ending June 2023, Astral Ltd. reported standalone net sales of ₹1,149.00 crore.

Strategic Partnerships:

• Brand Collaboration: Astral Ltd. has partnered with Shah Rukh Khan’s film ‘Jawan’ for a promotional collaboration, aiming to enhance brand visibility and engagement.

Investor Insights:

• Institutional Holdings: As of September 2024, promoter holding in Astral Ltd. stands at 54.10%, with foreign institutional investors holding 22.32% and domestic institutional investors holding 12.48%.

These developments indicate Astral Ltd.’s strategic initiatives to strengthen its market position and financial performance.