Home Stocks Dark Horse Stock Astral Ltd. Made a millionaire in 15 years by investing one lakh...

Astral Ltd. Made a millionaire in 15 years by investing one lakh rupees

astral ltd

The company’s consolidated revenue grew 73 per cent year-on-year to Rs.1213 crore in the June quarter. The company’s revenue from pipes, adhesives and paints has increased significantly. Sharekhan gave a buy rating to Astral Ltd with a target price of Rs 2,300.

Astral Ltd

Astral Ltd. is a major name in manufacturing PVC and CPVC pipes. The stock of this large cap company with a market capitalization of Rs 39,897.91 crore has given multibagger returns to investors in the long term. An investor who invested one lakh rupees in this multibagger stock 15 years ago has become a millionaire today.

Looking at the company’s excellent results for the June quarter, analysts are anticipating this stock to continue its upward trend. On Friday, the stock of Astral Limited closed at Rs 2,000 with a gain of 1.07 per cent. On Tuesday, August 16, this stock has declined by 2.78 percent and at around 12:45 its price was trading at Rs 1930.

If you remove today’s day, then in the last one year, this stock has declined by 1.99 percent. In the year 2022, this lion has fallen by 14.24 percent so far. The Share of Astral Limited made its 52-week high of Rs 2,524.95 on 17 January 2022. The 52-week low of this stock is Rs 1,581.55.

The stock of Astral Limited rose by 170 percent in the last three years. Similarly, in five years, this stock has given a multibagger return of 404.82 percent to the investors and this stock has increased from Rs 396.18 to Rs 2,000. Similarly, in the last fifteen years, this stock has given 35,806.64% returns to the investors.

The share price in March 2007 was Rs 5.57. Today it has increased to Rs 2000. Currently, the stock is trading 20.79 percent below its 52-week high and 26.45 percent above its 52-week low. 3.59 crore made of one lakh, if an investor had invested one lakh rupees in this stock 15 years ago and maintained this investment, then today his investment has taken the form of Rs 3.59 crore.

Similarly, if an investor had invested one lakh rupees in this stock five years ago, then today this multibagger stock has converted his investment to 505,050 lakh rupees.

Sharekhan advised to buy Astral Ltd.

Brokerage firm Sharekhan says that Astral Limited has received more consolidated revenue than expected. The company’s consolidated revenue grew 73 per cent year-on-year to Rs 1,213 crore in the June quarter. There has been a significant increase in revenue from the company’s pipes, adhesives and paints.
Giving buy rating to Astral Limited, Sharekhan has given its target price of Rs 2,300. (Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first.)

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