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Astral shares drop 6% after JPMorgan downgrade

Astral Ltd. shares declined 6% after JPMorgan downgraded the stock due to a restructuring plan to separate its chemicals business. The chemicals segment contributed ₹1,266.3 cr in FY26, accounting for 21% of total revenue.

after close1 source ↓written by the desknot a recommendation

on 29 June
6%
in FY26
₹1,266.3 cr
of total revenue
21%

Shares of Astral Ltd. fell 6% on 29 June following a downgrade by JPMorgan amid news of a business restructuring. The company plans to separate its chemicals business into a standalone entity, which generated ₹1,266.3 cr in FY26, contributing 21% of total revenue. Brokerages have mixed views on the impact of this move.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 29 Jun 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ASTRAL closed −2.4% on the day of the news, from ₹1,368.00 to ₹1,335.60; Nifty −0.3% over the same session; futures OI −5.4%.

Bulletin at 16:02 IST on 29 Jun 2026. Every change is measured from ₹1,368.00, the last close before it, on 29 Jun. Nifty 50 is measured over the same sessions.

  • ASTRAL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ASTRAL closes around the bulletin against the close before the news, with Nifty 50 rebased to it123513961558axis spans 26%before the news · 29 Jun1368Nifty 50ASTRALbulletinD0+1+3+522 Jun3 Jul14 JulFutures open interest, lotspeak 20,000Reference close ₹1,368.00. 16 sessions from 22 Jun to 14 Jul; the price axis spans 26 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before29 Jun₹1,368.00basebase
On the day30 Jun₹1,335.60▼ −2.4%▼ −0.3%−2.0 pp difference
+1 session1 Jul₹1,362.10▼ −0.4%▲ +0.3%−0.7 pp difference
+3 sessions3 Jul₹1,385.00▲ +1.2%▲ +1.4%−0.1 pp difference
+5 sessions7 Jul₹1,359.50▼ −0.6%▲ +1.9%−2.5 pp difference
Gap at the open, % · ₹
▲ +1.0%+13.54 on 30 Jun
Day's range, % · ₹
4.2%≈ 58 high to low
Volume on the day
2.60×the 20-session average
Futures OI on the day
▼ −5.4%−970 lots · long unwinding · price −2.4%
Futures OI open, lots
17,00030 Jun · 30 Jun expiry
Futures premium, ₹
+1.40+0.1% to spot
Puts per call, by OI
0.40from 0.46 the session before
Max pain
1,480from 1,420 the session before

Source NSE UDiFF bhavcopy · ASTRAL on the desk →

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