CLSA has maintained its hold call on Astral with a target price of ₹1,400 per share, implying a potential downside of around 11% from the current market price of ₹1,572. The brokerage noted that higher volumes and margins drove Q2FY26 results ahead of estimates, underscoring the company’s operational strength.
CLSA also highlighted that Astral has turned optimistic about its UK adhesives business following the appointment of a new CEO, with management targeting double-digit growth and margin expansion in the next financial year.
At the time of the report, Astral shares were trading at ₹1,572 on the exchange.
Disclaimer: The views and target price mentioned are those of the brokerage firm (CLSA). This article is based solely on the provided inputs and is intended for informational purposes only. No investment advice.
