Blue Star spurts on doubling production capacity of deep freezers
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Blue Star is currently trading at Rs. 1049.25, up by 24.95 points or 2.44% from its previous closing of Rs. 1024.30 on the BSE.
The scrip opened at Rs. 1006.00 and has touched a high and low of Rs. 1057.15 and Rs. 1004.00 respectively. So far 3555 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. 1057.15 and Rs. 975.30 respectively. The current market cap of the company is Rs. 10081.17 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 has doubled its production capacity of deep freezers as the company looks to tap the rising demand in the commercial refrigeration business. The company has augmented its manufacturing facility at Wada, Maharashtra with a capital expenditure of around Rs 130 crore.
Now, it has the capacity to produce around 2 lakh deep freezers and 1 lakh storage water coolers per annum. The company is investing in Research & Development to cater to the new market opportunities with the expansion of product portfolio in the segment.
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.
