India's Astral drops after Q2 profit fall

Astral

08/11/2024 05:16

** Shares of Astral  ASTL.NS  fall 2.5% to 1745 rupees,
their biggest one-day fall since Oct. 22
    ** Pipe maker's Q2 consol profit drops 16%, hurt by lower
demand for products due to heavy monsoon
    ** Analysts' average rating on stock is "hold," same as peer
Cera Sanitaryware  CERA.NS  
    ** Analysts' median PT on ASTL is 2025 rupees - LSEG data
    ** Stock last fell 1%, down 7% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))