You are here: Home » Companies » Financial X-Ray
Users can move Oversight Board to remove harmful content from FB, Instagram
Business Standard

Near-term growth on market share gains to remain robust for Astral Poly

Valuations, PVC price moderation may, however, keep the stock under pressure

Astral Poly Technik | Markets | stock market

Ram Prasad Sahu  |  Mumbai 

Buy, Sell, markets, stocks, shares, investments, funds, investors
The prices of PVC have almost doubled from the lows of last year because of global supply shortages and are currently hovering at Rs 130 per kg

After gaining 42 per cent between January and mid-March, the stock has lost steam over the last month, shedding some of the gains. Wh­ile the outlook for the plastic pipe major remains strong, expected correction in polyvinyl chloride (PVC) prices and high valuations are weighing on the stock.



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 13 2021. 20:30 IST