Axis Securities has given a ‘buy’ rating to Astral Limited shares in its June Top Stocks. Shares of Astral fell 1.85 per cent to close at Rs 1,654.95 on the BSE on Wednesday. Shares of the company also fell 30 percent this year due to strong selling pressure in the market. But at one point Astral Company shares also hit a high of Rs 2,525. In the long run, the Astral stock has skyrocketed in ten years.
Also Read: Rupee: Currency collapses again, fall to record lows
Ten years ago, Astral Limited’s share price was just Rs 25.75. The stock is currently crossing Rs 1,689. That means it has delivered over 6,000 percent returns to its investors in just ten years. If any investor had invested Rs 1 lakh in Astral ten years ago .. now that investment would have been over Rs 63 lakh.
290% returns in five years.
However this company stock has provided only about 290 percent returns in the last five years. This year, however, the company’s share price plummeted. The stock was trading at Rs 2,332 at the beginning of the year and is currently trading at Rs 1689 intraday. That means the stock value has fallen by 30 percent. The stock price has fallen 28 percent over a six-month period and 16 percent over the past year. But for long-term investors, the stock offers good returns.
Also Read: Be sure to check all these details before buying a second hand vehicle!
.
