# Astral shares jump 10% on strong Q1 profit, brokerages turn bullish 2026-08-13T06:55:38+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Astral shares surged nearly 10% to Rs 1,599 on Thursday after the company reported a 51.8% rise in consolidated net profit to Rs 120.2 crore for Q1 FY27, driven by higher plant utilisation and a shift to high-margin products. EBITDA rose 25.8% to Rs 244 crore, with margins expanding 120 basis points to 15.5%. While the piping industry contracted 10%, Astral kept volumes flat and gained market share. Several brokerages turned bullish: Citi retained a Buy with a target of Rs 1,900, Nuvama upgraded to Buy from Hold at Rs 1,675, and UBS kept Accumulate at Rs 1,950. Motilal Oswal also maintained Buy at Rs 1,697. CLSA, however, kept Hold with a Rs 1,490 target, saying valuations already price in near-term recovery. Management expects double-digit volume growth and over 20% value growth in FY27. ## Coverage - economictimes.indiatimes.com Tags: Astral, brokerage upgrades, piping industry, Q1 results, stock rally Canonical: https://indianopinion.org/astral-shares-jump-10-on-strong-q1-profit-brokerages-turn-bullish/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/astral-shares-jump-10-on-strong-q1-profit-brokerages-turn-bullish/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.