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Blue Star rises on plan to set up two units Jammu and Andhra Pradesh

13 Apr 2016

Blue Star is currently trading at Rs. 401.50, up by 2.20 points or 0.55% from its previous closing of Rs. 399.30 on the BSE.

The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 406.00 and Rs. 396.00 respectively. So far 11010 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. 406.00 and Rs. 390.70 respectively. The current market cap of the company is Rs. 3593.55 crore.

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

Air-conditioning and commercial refrigeration major Blue Star is planning to set up two units at an investment of Rs 215 crore in Jammu and Andhra Pradesh. With the help of these two units, the company is looking forward to manufacture air conditioners, deep freezers and water coolers.

The company had sold 3.1 lakh room ACs last fiscal. The company targets 12 percent room AC sales in the current fiscal.

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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