Blue Star rises on aiming to double exports within three years
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Blue Star is currently trading at Rs. 1417.40, up by 3.35 points or 0.24% from its previous closing of Rs. 1414.05 on the BSE.
The scrip opened at Rs. 1410.05 and has touched a high and low of Rs. 1426.00 and Rs. 1408.45 respectively. So far 766 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1550.00 on 02-May-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. 1464.95 and Rs. 1385.75 respectively. The current market cap of the company is Rs. 13651.53 crore.
The promoters holding in the company stood at 38.78%, while Institutions and Non-Institutions held 35.57% and 25.65% respectively.
Blue Star is aiming to double its exports within three years as the company looks to expand its international footprint. The company's exports are worth around Rs 800 crore at present and would like to double these within three years.
The air-conditioning and commercial refrigeration major has been manufacturing a wide range of chillers that cool spaces such as office complexes, IT parks, hospitals, airports, hotels and shopping malls. The company recently unveiled a comprehensive range of air conditioners, including best-in-class affordable range and a flagship premium range, for the summer season. The company is targeting to sell one million (10 lakh) units this year as against over 8 lakh units last year.
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.
