Blue Star gains on aiming to grow revenue to Rs 10,000 crore in medium term

Blue Star is currently trading at Rs. 891.55, up by 1.50 points or 0.17% from its previous closing of Rs. 890.05 on the BSE.

blue star surges on the bse
blue star surges on the bse

The scrip opened at Rs. 883.40 and has touched a high and low of Rs. 893.45 and Rs. 877.80 respectively. So far 2514 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1224.70 on 21-Apr-2022 and a 52 week low of Rs. 740.05 on 20-Sep-2021.

Last one week high and low of the scrip stood at Rs. 897.20 and Rs. 860.00 respectively. The current market cap of the company is Rs. 8574.83 crore.

The promoters holding in the company stood at 38.78%, while Institutions and Non-Institutions held 34.27% and 26.96% respectively.

Blue Star is aiming to grow its revenue to Rs 10,000 crore in the medium term and plans to enter North American and European markets.

The company is now gearing up for the next phase of growth and as part of that, is focusing on building scale. The next phase of growth will see Blue Star becoming a more eminent player on the international front and consolidate its position in the Middle East, Africa, and South Asia regions with deeper market penetration and the introduction of innovative products and solutions.

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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