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Blue Star surges on the BSE

Blue Star is currently trading at Rs. 798.05, up by 8.25 points or 1.04% from its previous closing of Rs. 789.80 on the BSE.

The scrip opened at Rs. 795.30 and has touched a high and low of Rs. 801.00 and Rs. 793.85 respectively. So far 482 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 834.15 on 20-Sep-2019 and a 52 week low of Rs. 507.30 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 822.25 and Rs. 766.75 respectively. The current market cap of the company is Rs. 7685.85 crore.

The promoters holding in the company stood at 38.76%, while Institutions and Non-Institutions held 30.44% and 30.80% respectively.

Blue Star has launched new advertising campaign for its room air conditioners. With summer and the preceding festival season having taken off on a good note for the company, the company is now looking at setting a highly positive tone for the upcoming festival season.

The company is aiming to shift orbit and accelerate growth by penetrating deeper into the length and breadth of India. The company, by leveraging its brand salience, intends to garner a mass appeal cutting across geographies and demographics.

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.