Astral India slips as Investec initiates 'fast sell'

Investec

25/09/2025 06:49

** Pipes and fittings manufacturer Astral India ASTL.NS falls 2.8% to 1,399.8 rupees

** Investec initiates a "fast sell" on ASTL, citing pressure on earnings growth and fully valued stock price

** Says, co faces weak domestic building materials demand, a potential decline in polyvinyl chloride (PVC) pricing and no major uptick in earnings trajectory

**  Adds, even if anti-dumping duty notification against cheap PVC imports comes through, brokerage sees limited benefits for meaningful PVC price increases

** YTD, ASTL down ~15%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))