Blue Star rises as CARE reaffirms rating of its bank facilities

03 Sep 2013 Evaluate

Blue Star is currently trading at Rs. 137.00, up by 1.85 points or 1.37% from its previous closing of Rs. 135.15 on the BSE.

The scrip opened at Rs. 136.00 and has touched a high and low of Rs. 137.00 and Rs. 136.00 respectively. So far 61245 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 230.65 on 05-Oct-2012 and a 52 week low of Rs. 130.15 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 138.90 and Rs. 130.15 respectively. The current market cap of the company is Rs. 1223.13 crore.

The promoters holding in the company stood at 40.07% while Institutions and Non-Institutions held 24.97% and 34.96% respectively.

Credit rating agency, CARE has reaffirmed ‘AA+’ rating to Blue Star’s long term bank facilities worth Rs 50.00 crore and ‘A1+’ rating to company’s Short term Bank Facilities worth Rs 810 crore. The rating agency has also reaffirmed ‘A1+’ rating to company’s Commercial Paper worth Rs 300 crore.

The ratings continue to factor in BSL proven track record and dominant market position in the central air-conditioning and cooling products business, reputed client base, panIndia presence with a wide marketing and dealers network.

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. The company has six manufacturing facilities located at Thane, Bharuch, Dadra, Himachal and Wada.

Blue Star Share Price

1600.00 99.65 (6.64%)
31-May-2024 16:01 View Price Chart
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