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Prabhudas Lilladher maintains Buy on Astral with target Rs 1596

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Prabhudas Lilladher maintains a 'Buy' rating on Astral Ltd with a revised target price of Rs 1,596. The broker cites robust demand recovery and volume growth guidance of 10-13% for FY27. However, EBITDA margin guidance was revised downwards to 13-14% due to elevated raw material costs.

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