Astral Faces Significant Underperformance Amid Broader Decline in Plastic Sector

Astral, a prominent player in the plastic products industry, has experienced a notable decline of 3.06% today, underperforming its sector by 0.61%. The stock reached an intraday low of Rs 1300.2, reflecting a broader trend as the plastic products sector itself fell by 2.34%.
In terms of moving averages, Astral is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging short-term performance. Over the past week, the stock has declined by 5.02%, while the Sensex has shown a slight gain of 0.38%.

Looking at longer-term performance, Astral has faced significant challenges, with a year-to-date decline of 21.32% compared to the Sensex's 3.14% increase. Over the past year, the stock has dropped 38.32%, contrasting sharply with the Sensex's 9.06% rise. Despite a strong performance over the last five years, where Astral gained 150.47%, the recent trends highlight a period of underperformance relative to the broader market.