Blue Star surges on anticipating business to improve from second quarter of 2021-22

09 Jul 2021 Evaluate

Blue Star is currently trading at Rs. 861.40, up by 1.70 points or 0.20% from its previous closing of Rs. 859.70 on the BSE.

The scrip opened at Rs. 859.50 and has touched a high and low of Rs. 861.40 and Rs. 846.90 respectively. So far 6176 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1025.00 on 06-Apr-2021 and a 52 week low of Rs. 466.00 on 14-Jul-2020.

Last one week high and low of the scrip stood at Rs. 887.55 and Rs. 815.30 respectively. The current market cap of the company is Rs. 8282.99 crore.

The promoters holding in the company stood at 38.76%, while Institutions and Non-Institutions held 32.64% and 28.59% respectively.

Blue Star is anticipating business to improve from the second quarter of 2021-22 after being hit hard by the second wave of COVID-19, coupled with a 'bad summer season'.

Having learnt lessons from the pandemic on the need to mitigate geographical concentration and seasonality risks, the company is now focussing to grow its exports, and is also planning to participate in the production linked incentive (PLI) schemes announced by the government through a newly formed subsidiary.

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.

Blue Star Share Price

1275.70 -25.65 (-1.97%)
28-Mar-2024 16:01 View Price Chart
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