Hold Astral Poly Technik; target of Rs 1670: ICICI Direct
ICICI Direct recommended hold rating on Astral Poly Technik with a target price of Rs 1670 in its research report dated March 18, 2021.
March 18, 2021 / 03:35 PM IST
ICICI Direct's research report on Astral Poly Technik
Astral Poly Technik made an announcement on bonus shares on February 3, 2021. The ratio was one bonus share for every three equity shares i.e. 1:3. The record date for the same is March 19, 2021 while the ex-date for the same is today, March 18, 2021. Consequently, Astral Poly Technik’ share price, as per yesterday's closing price, has adjusted to Rs 1843/share from Rs 2457/share.
Accordingly, our target price stands revised to Rs 1670/share. We maintain our HOLD recommendation on the stock.
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