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Blue Star rises on securing railway electrification orders worth Rs 575 crore

21 Mar 2023 Evaluate

Blue Star is currently trading at Rs. 1459.00, up by 10.80 points or 0.75% from its previous closing of Rs. 1448.20 on the BSE.

The scrip opened at Rs. 1450.00 and has touched a high and low of Rs. 1480.00 and Rs. 1435.40 respectively. So far 4165 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1535.50 on 10-Mar-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. 1524.00 and Rs. 1395.95 respectively. The current market cap of the company is Rs. 14230.38 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 secured Railway Electrification orders totalling Rs 575 crore, thereby successfully expanding its presence in the Railways segment and marking its foray into the Railway Electrification space, and in turn further consolidating its position in the Projects Business space.

The Company is renowned for its superior project management expertise, and impressive track record of on-time/before-time completion of projects. Already a significant contributor to the Metro Rail segment in India for air conditioning and tunnel ventilation works, the Company has now bagged four railway electrification orders from various prestigious customers including the West Central Railway (Kota Division), Central Organization for Railway Electrification (CORE), and Metro Railway, Kolkata.

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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