Astral's demerger plan triggers sharp market selloff, brokerages trim targets
- Posted on July 3, 2026
- By Business News Today
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- 1 min read
Astral's demerger plan triggers sharp market selloff, brokerages trim targets
Astral's stock dipped 11% after announcing a demerger of its chemicals business. Investors are concerned about the valuation and growth prospects of the standalone chemical entity, which currently lags the profitable plumbing segment. While analysts maintain 'buy' ratings, some have lowered target prices. The company anticipates significant revenue growth for the chemicals division in the coming years.
