Blue Star gains on eyeing 15% market share by FY25 in room air conditioner segment
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Blue Star is currently trading at Rs. 1441.95, up by 7.15 points or 0.50% from its previous closing of Rs. 1434.80 on the BSE.
The scrip opened at Rs. 1440.00 and has touched a high and low of Rs. 1445.00 and Rs. 1409.55 respectively. So far 2329 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. 1445.00 and Rs. 1345.00 respectively. The current market cap of the company is Rs. 13705.47 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 is aiming to corner around 15 per cent share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network. The company targets to achieve a market share of 15 per cent by FY25 in the room air conditioner segment.
The company is witnessing a pick up in the markets of West and South regions and expects a 20 to 25 per cent volume growth this season. Blue Star, which is launching affordable products targeting the mass premium segment catering to price-sensitive and first-time buyers especially from non-metro towns, has introduced 75 products across the inverter, fix speed and window ACs.
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.
