According to Motilal Oswal Financial Services (MOFSL), Astral delivered a mixed first quarter, but missed its estimates by 5-13 per cent.
Brokerages back Astral's demerger strategy but warn that rising competition, weaker PVC prices and execution risks could weigh on earnings in the near term
Astral demerger: Notably, the company informed the exchanges that its board has approved a scheme to demerge its chemicals business into a separately listed company.
India's PVC demand is projected to remain significantly ahead of domestic supply, supporting long-term growth opportunities
PVC price swings, muted rural demand cloud near-term outlook
Midcaps to buy: Muthuselvaraj, Research Analyst at Mirae Asset Sharekhan expects Adani Total Gas to hit ₹1,350 levels; JSW Energy and Astral to rally over 50% as Nifty MidCap hits new life-time high.
Stocks to Watch today, May 19, 2026: Adani Group stocks, Indian Oil, JSW Steel, Astral, and Lupin are some of the key stocks to watch today