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04-Dec2017

Astral Poly Technik gains on plan to increase stake in JV

Astral Poly Technik is currently trading at Rs. 844.10, up by 3.85 points or 0.46% from its previous closing of Rs. 840.25 on the BSE.

The scrip opened at Rs. 846.00 and has touched a high and low of Rs. 846.00 and Rs. 838.00 respectively. So far 405 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 852.00 on 01-Dec-2017 and a 52 week low of Rs. 368.00 on 23-Dec-2016.

Last one week high and low of the scrip stood at Rs. 852.00 and Rs. 790.00 respectively. The current market cap of the company is Rs. 10107.10 crore.

The promoters holding in the company stood at 58.50%, while institutions and non-institutions held 25.42% and 16.08% respectively.

Astral Poly Technik has received an approval to purchase additional equity shares of Astral Pipes, Kenya (Joint Venture) from an existing shareholder thereby increasing the company's stake in Joint Venture from 37.5% to 50%. The Board of Directors of the company in its meeting held on December 01, 2017, approved the same.

Astral Poly Technik offers products like Astral FlowGuard CPVC, Astral  Corzan Aquarius, Astral Aquarius and Astral Underground.


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