Astral Pipes Stocks: 4 reasons why Astral Pipes is this week’s stock pick

Thanks to the strong performance of plastic products (pipes and tanks) and adhesive segments, Astral reported consolidated revenue of Rs.1,391 crore in the fourth quarter of 2021-22. This was 4.2% higher than the consensus estimates of analysts compiled by Bloomberg. However, rising raw material costs hit both EBITDA and net profit which came below consensus estimates and fell 14.8% and 15.2% y-o-y respectively. The EBITDA margins tanked 698

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