Blue Star surges on plan to foray into water purifier business

06 Apr 2016

Blue Star is currently trading at Rs. 396.60, up by 4.05 points or 1.03% from its previous closing of Rs. 392.55 on the BSE.

The scrip opened at Rs. 394.95 and has touched a high and low of Rs. 396.75 and Rs. 390.00 respectively. So far 959 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 410.65 on 01-Apr-2016 and a 52 week low of Rs. 289.60 on 24-Apr-2015.

Last one week high and low of the scrip stood at Rs. 410.65 and Rs. 373.00 respectively. The current market cap of the company is Rs. 3542.27 crore.

The promoters holding in the company stood at 39.46% while Institutions and Non-Institutions held 28.83% and 31.71% respectively.

Blue Star is planning to enter the water purifier business later this year. The company will initially offer residential water purifiers and will gradually enhance its range to cover commercial water purification systems as well. This initiative is part of the company's aggressive growth plans to expand its presence in related new product categories.

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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