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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.
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.
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
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie. According to an exchange filing, the Composite Scheme of Arrangement also includes Astral Limited and Al-Aziz Plastics. The stock hit a low of Rs 1,389 amid the development and approval process.
Astral shares in focus on demerger news but JPMorgan downgrades; check price targets
Another brokerage firm CLSA said the demerger is unlikely to have a meaningful impact on the stock in the near term, adding that sustained growth and margin improvement in the chemicals business will be the key drivers for any future rerating.
Stock Alert: Infosys, Gujarat Alkalies, Tata Capital, Astral, Ratnaveer Precision, Avanti Feeds
Securities in F&O Ban:
Astral enters specialty chemicals with ₹39 crore DSS LLP acquisition
Shares of Astral Ltd ended at ₹1,490.45, down by ₹9.05, or 0.60%, on the BSE
Q4 Results LIVE Updates: IOC, Astral, Afcons react to earnings; BPCL, BEL report today
Q4 Results LIVE Updates: BPCL, Zydus Life, BEL, BLS International, Dhanuka Agri, Dredging Corp, Eureka Forbes, Hatsun Agro, Healthcare Global, J Kumar Infra, PI Industries, PNC Infratech, Prince Pipes, Safari Industries, RITES, Trident, Zee Entertainment, Shaily Engineering are among the other important numbers to track today along with result reactions from IOC, IGL, Afcons, Astral and many others. Stay tuned for all the live result reactions right here.