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ā¢ Sharekhan is bullish on Blue Star, citing the company's strong operational performance and potential for growth in the domestic RAC and commercial cooling and refrigeration industry.
ā¢ Blue Star recently reported a 19.9% increase in consolidated revenues, with a 39% growth in Unitary products revenues.
ā¢ The company's recent Rs. 1000 crore fundraise through QIP will help fund manufacturing capacities expansion and explore export opportunities. Overall, Sharekhan expects a high growth trajectory for the company and has upgraded the stock to Buy with a revised price target of Rs. 1160.