BUZZ-India's Astral climbs as plant begins commercial production

-4.28%

-0.65%

-0.05%

+0.13%

Algoma Steel Group Inc Ordinary Shares ASTL	3.58	-4.28%
Dow Jones Industrial Average DJI	47147.48	-0.65%
S&P 500 index SPX	6734.11	-0.05%
NASDAQ IXIC	22900.59	+0.13%

** Shares of pipes and fittings manufacturer Astral ASTL.NS rise 2% to 1,410.6 rupees

** Co's Kanpur plant commences commercial production from October 6

** ICICI Direct analysts say facility is aimed at expanding footprint in key northern India market

** Stock rated "buy" on avg by 25 brokerages; ASTL median PT at 1,500 rupees - data compiled by LSEG

** YTD, ASTL down nearly 15% vs peer Supreme Industries' SUPI.NS about 9% decline

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

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