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BUZZ-India's Astral climbs as plant begins commercial production
Algoma Steel Group Inc Ordinary Shares ASTL | 4.15 | 0.00% |
Dow Jones Industrial Average DJI | 47954.99 | +0.22% |
S&P 500 index SPX | 6870.40 | +0.19% |
NASDAQ IXIC | 23578.13 | +0.31% |
** 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;))


