Astral shares rally 10% following Q1 results; Citi sees target price at Rs 1,900, Nuvama upgrades stock to ‘Buy’

August 13, 2026

Astral shares surged nearly 10% after strong Q1 FY27 results, with profit rising 51.8% YoY. Citi retained a Buy rating with a Rs 1,900 target, while UBS maintained Accumulate. Nuvama upgraded the stock to Buy, citing strong pipe volumes and margin prospects, while Motilal Oswal retained Buy and CLSA maintained Hold.

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