Blue Star gains on incorporating wholly-owned subsidiary
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Blue Star is currently trading at Rs. 818.35, up by 6.70 points or 0.83% from its previous closing of Rs. 811.65 on the BSE.
The scrip opened at Rs. 820.00 and has touched a high and low of Rs. 820.55 and Rs. 817.00 respectively. So far 393 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1025.00 on 06-Apr-2021 and a 52 week low of Rs. 451.55 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 835.00 and Rs. 791.05 respectively. The current market cap of the company is Rs. 7817.32 crore.
The promoters holding in the company stood at 38.76%, while Institutions and Non-Institutions held 32.64% and 28.59% respectively.
Blue Star has incorporated a wholly owned subsidiary company named Blue Star Climatech on May 17, 2021. The new subsidiary has been incorporated to carry on the business as manufacturers and dealers in all kinds of residential and commercial air conditioners, refrigerators, cooling appliances and other related electrical machinery. The business of wholly owned subsidiary is in line with the mainline of business of the company.
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.
