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Blue Star trades higher on incorporating wholly owned subsidiary in Japan

21 Feb 2023 Evaluate

Blue Star is currently trading at Rs. 1422.95, up by 4.85 points or 0.34% from its previous closing of Rs. 1418.10 on the BSE.

The scrip opened at Rs. 1439.95 and has touched a high and low of Rs. 1439.95 and Rs. 1411.80 respectively. So far 1408 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1454.05 on 16-Feb-2023 and a 52 week low of Rs. 860.00 on 04-Jul-2022.

Last one week high and low of the scrip stood at Rs. 1454.05 and Rs. 1339.20 respectively. The current market cap of the company is Rs. 13704.50 crore.

The promoters holding in the company stood at 38.78%, while Institutions and Non-Institutions held 35.60% and 25.62% respectively.

Blue Star has incorporated a wholly owned subsidiary Company named ‘Blue Star Innovation Japan’, in Japan. Cost of acquisition is upto Japanese Yen 40 million. Blue Star Innovation Japan is incorporated in Japan and is yet to commence its operations.

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.

Peers
Company Name CMP
Voltas 1144.30
Blue Star 1486.80
Amber Enterprises 6988.55
EPACK Durable 177.85
Bosch Home Comfort 1669.60
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