Astral shares gain most in five years after two upgrades on Q1 results

Astral Ltd shares gained 10% on Thursday, the biggest single-day gain since April 2021, after quarterly results met expectations.

Brokerages JPMorgan and Nuvama upgraded the stock, with JPMorgan raising its price target to ₹1,750 and Nuvama to ₹1,675.

Astral's CPVC backward integration is on track for Q4 2027, supporting FY 2028 margin expansion and market share gains.

Shares are trading 7.7% higher at ₹1,575.8, turning positive on a year-to-date basis.