Astral Poly Technik

Plumbing revenue was up 8 per cent year-on-year (Y-o-Y) and was lower than Street estimates due to lower volume growth at 16 per cent, compared to 23 per cent in Q4FY24

The revenue from operations for Q2FY24 came in at Rs 1,363 crore, compared to Rs 1,171.6 crore year-on-year

Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.

After gaining 40% already in FY24, the stock is trading at a PE of over 100x

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Market share gain continues, company seeks to double consolidated revenues in five years

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

Astral Poly Technik has outperformed the market by surging 59 per cent in the past three months, against 6.6 per cent gain in the Sensex

The company has fixed March 19 as the record date for the 1:3 bonus share issue

The company's board of directors is scheduled to meet on February 3, 2021, to consider proposal for issue of bonus equity shares

Analysts positive on its foray, given the large industry size and synergy with existing business

The management said the recovery in pipe segments has picked up momentum from September 2020 onwards

Recovery in domestic growth and lower input costs should aid margin improvement

Thus far in the calendar year 2019, Astral Poly Technik has outperformed the market by surging 27 per cent, as compared to a marginal 0.07 per cent rise in the S&P BSE Sensex till Thursday.

The company will be manufacturing pipes and fitting materials at the Rajasthan plant