While management's intention about the demerger of plumbing and chemical business is positive, ramp-up in India and overseas adhesive businesses and the newly added paint business will be the key, which will decide the overall valuation of Astral, says Motilal Oswal.
Motilal Oswal maintains a bullish stance on Astral despite a trimmed target price. The brokerage highlights the positive impact of management's demerger intentions for plumbing and chemical businesses. Key factors for Astral's valuation include the ramp-up of adhesive operations…
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