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Astral <\/strong><\/p>\n\n\n\n Astral stock price has gained 50% from its 52-week low of Rs 1,297 struck in March 2023. Astral has two main business verticals, plumbing (pipes, fittings, water tanks, faucets and sanitary ware) and paints & adhesives. The company is planning to put three new units of pipes. First unit at Guwahati (capacity of 22,000 M.T.) in the East which will start production in September 2023. Second unit in Hyderabad (70,000 M.T.) which will start first phase production in September 2024 and will complete second phase in FY-26. Third unit in Uttar Pradesh (50,000 M.T.) which will complete the first phase by FY-25 and second phase in FY-26. The management guided 15% consolidated revenue growth for the next 5 years.<\/strong><\/p>\n\n\n\n Ceat<\/strong><\/p>\n\n\n\n Ceat stock price has gained 66% from its 52-week low. Currently the stock is trading at Rs 2,250 levels. CEAT is one of India\u2019s leading tyre manufacturers and has a strong presence in global markets. The company produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles. The company aims to maintain its leadership in the two-wheeler segment and gain market share in passenger vehicle and commercial vehicle segments. Ceat also aims to double its export revenue in the next two years. The company also plans to focus on south India where it has low presence. <\/p>\n\n\n\n Ultratech Cement<\/strong><\/p>\n\n\n\n Ultratech Cement stock price is near its 52-week high. The company is the largest manufacturer of grey cement and ready-mix concrete (RMC) in India. It is the third largest cement producer in the world, excluding China. The Company\u2019s business operations span across UAE, Bahrain, Sri Lanka and India. After successful commissioning of 12.4 mtpa capacity of grey cement in FY23, Ultratech has further commissioned 4.3 mtpa capacity so far in FY24. These include: (1) 2.2 mtpa brownfield cement capacity at Patliputra in April, 2023; (2) 0.8 mtpa brownfield cement capacity at Neem ka Thana, Rajasthan in May, 2023 and (3) 1.3 mtpa brownfield cement capacity at Sonar Bangla, West Bengal in July 2023. The Company’s total grey cement manufacturing capacity now in India stands at 131.25 mtpa. Work on its next phase of growth of 22.6 mtpa is also in full swing. Commercial production from these new capacities is expected to go on stream in a phased manner by FY25\/FY26. According to the management, demand for cement across all sectors continues to remain strong which is highly favorable for its performance. Higher infrastructure spending ahead of the general elections in 2024 is expected to further propel cement demand during this fiscal.<\/p>\n\n\n\n Berger Paints<\/strong><\/p>\n\n\n\n Berger paints stock price touched its 52-week high of Rs 726 on August 30, 2023. The second largest paint manufacturer in India has 16 strategically located manufacturing units across India, 2 in Nepal, 1 each in Poland and Russia and about 162 stock points. The company also has international presence in Nepal, Bangladesh, Poland and Russia. The company aims to achieve double-digit revenue growth in FY24, driven by the government’s infrastructure spend and upcoming festive season. The company expects to log in strong profitability as raw material prices are expected to moderate in the near future.<\/p>\n","protected":false},"excerpt":{"rendered":" Astral Astral stock price has gained 50% from its 52-week low of Rs 1,297 struck in March 2023. Astral has two main business verticals, plumbing (pipes, fittings, water tanks, faucets and sanitary ware) and paints & adhesives. The company is planning to put three new units of pipes. First unit at Guwahati (capacity of 22,000 […]<\/p>\n","protected":false},"author":3,"featured_media":1816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false},"categories":[5],"tags":[],"yoast_head":"\n