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Rs 588 to Rs 2,035: This debt-free stock turned into a multibagger in three years, trading near record high

Shares of Astral Ltd have delivered multibagger returns in the last three years. Astral stock, which closed at Rs 588.04 on August 14, 2020 was trading at Rs 2035 in the current session (August 16, 2023), delivering 246% returns in three years. During a period of two years and one year, the stock climbed 32% and 35%, respectively. In comparison, Sensex has zoomed 72.67% in three years.
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Astral shares' recovery from 52-week low is impressive but analysts are not upbeat; here's why

Shares of Astral Ltd took less than three months to move from their 52-week low to 52-week high this year. The stock which hit a 52-week low of Rs 1,584 on June 20, 2022 touched a yearly high of Rs 2654 on September 9, 2022, translating into returns of 67.55% during the period ....

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