Blue Star strengthens on aiming to garner better market share in 2015

20 Jan 2015

Blue Star is currently trading at Rs. 362.60, up by 3.90 points or 1.09% from its previous closing of Rs. 358.70 on the BSE.

The scrip opened at Rs. 361.90 and has touched a high and low of Rs. 366.25 and Rs. 360.00 respectively. So far 3042 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 387.00 on 19-Nov-2014 and a 52 week low of Rs. 134.50 on 10-Feb-2014.

Last one week high and low of the scrip stood at Rs. 368.85 and Rs. 320.00 respectively. The current market cap of the company is Rs. 3273.67 crore.

The promoters holding in the company stood at 39.46% while Institutions and Non-Institutions held 25.31% and 35.23% respectively.

Blue Star is targeting to garner better market share this year, buoyed by growth from the residential segment, and with a new range of air conditioners for the coming summer.

The company’s 70 per cent of overall room air-conditioner volume came from the residential segment. It currently commands 8.5 per cent share of the close to 4-million-unit room air-conditioner market. For the current calendar year, it targets 10 per cent share.

Blue Star is India’s leading central air-conditioning and commercial refrigeration company fulfilling the cooling requirements and providing end-to-end solutions as a manufacturer, contractor and after-sales service provider to corporate, commercial, institutional and residential customers.



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