Astral Poly Technik hits new high of Rs 1,233; stock surges 6%

Astral Poly Technik has surged 49% in the past five months, thus outperforming the Nifty 50 index which has risen 6% in the same period

The shares of Astral Poly Technik hit a new high of Rs 1,233, up 6 per cent, on the National Stock Exchange (NSE) in intra-day trade on Thursday, after shareholders approved a scheme to amalgamate Rex Polyextrusion which manufactures and supplies corrugated and other plastic piping solutions. 

The stock surpassed its previous high of Rs 1,210, recorded on January 7.

In the past five months, Astral Poly Technik (ASTRA) has outperformed the market by surging 49 per cent from its recent low of Rs 826. In comparison, the benchmark Nifty 50 was up 6 per cent during the same period.