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

Algoma Steel Group Inc Ordinary Shares -4.28%
Dow Jones Industrial Average -0.65%
S&P 500 index -0.05%
NASDAQ +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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