India's Astral falls most in 7 months on Q1 profit drop

** Astral ASTRAL falls 5.2% to 1,312 rupees; marks biggest one-day pct fall since January 13

** Pipe maker's Q1 consol profit drops 33% y/y; rev down 8.9%

** Co says polymer prices volatile in Q1, with avg prices for polyvinyl chloride, a key raw material for co, falling ~14% y/y

** This resulted in inventory losses, affected realisations, co adds

** Stock rated "buy" on avg; median PT is 1,609 rupees, per data compiled by LSEG

** YTD, ASTL loses ~16%