Astral gains as its arm secures patent for Multiport Water Outlet Innovation
Astral is currently trading at Rs. 1567.15, up by 11.25 points or 0.72% from its previous closing of Rs. 1555.90 on the BSE.
The scrip opened at Rs. 1668.75 and has touched a high and low of Rs. 1668.75 and Rs. 1559.70 respectively. So far 5417 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1767.95 on 11-Mar-2026 and a 52 week low of Rs. 1235.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1678.35 and Rs. 1547.60 respectively. The current market cap of the company is Rs. 42151.21 crore.
The promoters holding in the company stood at 54.22%, while Institutions and Non-Institutions held 34.75% and 11.03% respectively.
Astral’s wholly owned subsidiary -- Al-Aziz Plastics has secured a patent from the Patent office Government of India for an invention titled ‘MULTIPORT WATER OUTLET’ for the term of 20 years commencing from November 1, 2021. The Multiport Saddle provides multiple household connections from a single tapping, with flexible outlet configurations and assured equal distribution-optionally supported by an inbuilt flow-control valve.
Compatible with standard ferrules and fittings, it is engineered for structural loads, faster installation, reduced excavation, and minimal disruption. This lightweight, cost-efficient solution ensures longer main-pipe life and significantly shorter project timelines.
