Astral shares jump 10% after strong Q1; brokerages raise targets

Astral shares surged nearly 10% after Q1 FY27 net profit rose 51.8% YoY to ₹120.2 crore, while EBITDA increased 25.8% to ₹244 crore. Citi retained Buy with a ₹1,900 target, while Nuvama upgraded the stock to Buy. Brokerages cited strong pipe volumes, market-share gains and improving margins as key positives.