External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>Q1FY22 results of Astral Limited were better than our expectations. Revenue grew by 73%, majorly on account of added plastics (+63%, YoY) and adhesives (+107.2%) segment. However, in Q1FY22, performance was hit by COVID 2.0 led disruptions – demand in both pipes and adhesives impacted while recovery in the second half of June has been strong</p><p>We expect revenue and PAT CAGR of 19% and 17.5% over FY21-24E and recommend HOLD' with TP of Rs 2,250.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Q1FY22 results of Astral Limited were better than our expectations. Revenue grew by 73%, majorly on account of added plastics (+63%, YoY) and adhesives (+107.2%) segment. However, in Q1FY22, performance was hit by COVID 2.0 led disruptions – demand in both pipes and adhesives impacted while recovery in the second half of June has been strongWe expect revenue and PAT CAGR of 19% and 17.5% over FY21-24E and recommend HOLD' with TP of Rs 2,250.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astral: Strong Growth Across Verticals; Rich Valuations

Astral Ltd

Astral: Strong Growth Across Verticals; Rich Valuations