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