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ITC Hotels to Apollo Tyres, Astral: 10 mid- and small-cap stock picks by ICICI Securities for up to 41% upside potential - livemint.com
ITC Hotels to Apollo Tyres, Astral: 10 mid- and small-cap stock picks by ICICI Securities for up to 41% upside potentiallivemint.com
Adani Enterprises among 4 stocks that closed above VWAP, signaling bullish shift
Four Nifty500 stocks, Zensar Technologies, Adani Enterprises, Astral, and ABB India, closed more than 1% above their VWAP on July 3, signaling potential bullish momentum and strengthening positive market sentiment, according to technical scan data.
Astral's demerger plan triggers sharp selloff, brokerages trim target prices
Astral's stock dipped 11% after announcing a demerger of its chemicals business. Investors are concerned about the valuation and growth prospects of the standalone chemical entity, which currently lags the profitable plumbing segment. While analysts maintain 'buy' ratings, some have lowered target prices. The company anticipates significant revenue growth for the chemicals division in the coming years.
Top Gainers & Losers on June 29: Persistent Systems, Netweb Tech, Astral, MRF, Berger Paints, OLA among top losers
Indian equities continued their decline on June 29, with the Nifty 50 dropping 0.46% and the BSE Sensex falling 0.44% amid renewed Middle East tensions. While pharmaceutical and metal stocks gained, auto and technology shares suffered notable losses, reflecting mixed sectoral performance.
Netweb Technologies India Ltd leads losers in 'A' group
Persistent Systems Ltd, Astral Ltd, Supreme Industries Ltd and Alkyl Amines Chemicals Ltd are among the other losers in the BSE's 'A' group today, 29 June 2026.
Can Astral's demerger catalyze chemicals growth?
Astral's chemicals demerger sharpens business focus, but investors remain unconvinced. The key question is whether the spin-off can revive margins and justify the stock's rich valuation.
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Why should potential investors in Supreme Industries stay on the sidelines? JPMorgan explains
Structurally too, JPMorgan prefers Astral over Supreme Industries, as it does not view the demerger announcement as a major negative, but awaits a better entry point for the stock, once the PVC price volatility settles.
Astral share price slips 10% after demerger announcement. Should you buy or sell?
Astral demerger ratio is set at 1:1. This means subject to the necessary approvals, Astral shareholders will receive shares of Astral Chemie in proportion to their existing shareholding (in ratio of 1:1).
Astral slides as board OKs chemicals biz demerger
Astral tumbled 8.20% to Rs 1,364.45 after the company's board approved the demerger of its chemicals business into a separate entity, Astral Chemie and the amalgamation of wholly owned subsidiary Al-Aziz Plastics.
Astral falls 7% on chemicals business demerger announcement; time to buy?
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.
Astral Shares Fall Over 6% After Demerger Plan; Chemicals Business To Be Listed Separately
Astral Shares Drop Over 6% After Business Restructuring