With a market valuation of Rs. 40,076.74 crore, Astral Limited is a large-cap firm in the plastics industry. Astral Limited is the leading CPVC pipe and fittings manufacturer in India, which offers a wide variety of pipes including PVC and CPVC pipes.
Today the Company in a regulatory filing said that “In accordance with Regulation 42 of SEBI Listing Regulations, it is informed that the Company has appointed Monday, 22nd August, 2022 as the ‘Record Date’ for the purpose of determining the eligibility of shareholders. The Company has been determined to receive a final dividend of Rs.1.75/- (175%) per equity share of face value of Rs.1/- for each financial year 2021-22 fully paid up to the said dividend. , if declared by the shareholders in the ensuing Annual General Meeting, shall be paid on or after September 5, 2022, subject to deduction of tax at source as applicable.”
Astral Ltd shares closed trading on Friday 1,989.00 per share, up 1.31 per cent from the previous close. Share price rose from 5.57 to current price level on 23 March 2007 1,989.00 as of August 5, 2022, 3:30 PM IST, resulting in multibagger returns and an all-time high of 35,609.16 per cent. Share price increased during the last five years 385.14 as on August 11, 2017, at the current price level, offers a multibagger return of 416.44 per cent. The stock is down 7.50 percent over the past year, and is down 14.71 percent YTD so far in 2022. The stock fell 5.73 per cent during the past six months, but gained 16.95 per cent over the previous month.
At the current price, the stock is trading 21.22 per cent down from its 52-week high and 25.76 per cent above its 52-week low on NSE, where it hit a 52-week high. 52-week low of 2,524.95 on January 17, 2022, and 1,581.55 as on June 20, 2022.
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