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Blue Star surges on expecting 30% growth in current financial year

17 May 2016

Blue Star is currently trading at Rs. 431.00, up by 4.80 points or 1.13% from its previous closing of Rs. 426.20 on the BSE.

The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 432.90 and Rs. 429.60 respectively. So far 614 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.00 on 26-Apr-2016 and a 52 week low of Rs. 306.10 on 11-Feb-2016.

Last one week high and low of the scrip stood at Rs. 434.95 and Rs. 421.25 respectively. The current market cap of the company is Rs. 3876.89 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 anticipating an overall growth of 30% during the current financial year. The company is also planning to invest over Rs 30 crore on new product development as well as its research and design initiatives in the current financial year. Further, the company is also planning product diversification in the water and air purifier sector.

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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SEBI Registered: Investment Adviser - INA000013323