Blue Star Ltd. News and Updates

Name: Latest research reports of Blue Star Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Blue Star Ltd.
Rating: 3
Author: ICICI Securities Limited

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Blue Star Ltd.

06 Jun 2023

1996.80

1.68%

Latest LIVE: Golden Temple observes 39th anniversary of Operation Blue Star

Business Standard

Catch live updates from across the globe here

Blue Star Ltd. has gained 24.02% in the last 3 Months

Blue Star Ltd.

01 Jun 2023

1996.80

1.68%

Security tightened ahead of Operation Bluestar anniversary in Punjab

Business Standard

Security was beefed up across Punjab on Thursday with the state police carrying out flag marches and deploying adequate number of security personnel at crucial places ahead of Operation Bluestar anniversary on June 6. The army had carried out Operation Blue Star in June 1984 to flush out hiding militants from Golden Temple in Amritsar. The Punjab Police on Thursday carried out flag marches in sensitive and vulnerable areas as a measure to instill confidence among the general public. As many as 110 flag marches were conducted covering 192 vulnerable areas across the state, an official statement said. The exercise was conducted on the directions of Director General of Police (DGP) Gaurav Yadav. Special DGP (law and order) Arpit Shukla said commissioners of police and senior superintendents of police were directed to conduct flag marches in their respective districts. Police also apprehended 368 suspicious people during these flag marches. He said the exercise was aimed to boost the

Number of FII/FPI investors decreased from 414 to 359 in Jun 2025 qtr

Blue Star Ltd.

14 May 2023

1996.80

1.68%

Blue Star targeting to double exports within 3 years, says top official

Business Standard

Blue Star Ltd is targeting to double its exports within three years as the company looks to expand its international footprint. Blue Star Managing Director B Thiagarajan said the company's exports are worth around Rs 800 crore at present and would like to double these within three years. According to Thiagarajan, the company is going to expand its international footprint. "We were only in the Middle East (earlier). This year, we have opened an office in the US, Japan, and Europe. So, we want to enter these markets," he said. "You know China plus one strategy. People want to look at India other than China. Under that, we are exploring these markets. Today, we do exports of around Rs 800 crore, we would like to double it within three years," Thiagarajan told PTI here. The AC market in the US and Europe is very big compared with India, he noted. This year, the company has also bagged a "major order from Bengaluru metro, worth more than Rs 500 crore", he added. On the company's plan

Blue Star Ltd. has gained 24.02% in the last 3 Months

Blue Star Ltd.

09 May 2023

1996.80

1.68%

Blue Star targets to achieve 15% market share by FY25 in room AC segment

Business Standard

Blue Star Ltd is targeting to achieve a market share of 15 per cent by FY2025 in room air conditioners segment, according to company's Managing Director B Thiagarajan. The air-conditioning and commercial refrigeration major is also targeting to sell one million units this year as against over 8 lakh last year. They are targeting a market share of 15 per cent from present 13.5 per cent, Thiagarajan said here on Tuesday. Blue Star is also eyeing a good growth from the north Indian markets, including Punjab and Jammu and Kashmir. In J&K, the company commands a market share of 14 per cent, he said. He was interacting with reporters here after unveiling Blue Star Ltd's comprehensive range of air conditioners, including "best-in-class affordable" range and a "flagship premium" range, for the summer season. Overall, the company has launched nearly 75 models across the spectrum of inverter, fixed speed and window air conditioners, and across price points to cater to every consumer...

Blue Star Ltd. is trading above all available SMAs

Blue Star targets to achieve market share of 15% by FY25 in room air conditioners segment

Moneycontrol | 09 May 2023

Blue Star Ltd.

08 May 2023

1996.80

1.68%

Market share gains (likely) with improving profitability

Hold: Blue Star Ltd.

Target

ICICI Securities Limited

Blue Star has reported strong performance compared to peers. While it has maintained strong revenue growth and likely gained market share (in our view), it has been able to maintain healthy profitability.

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

06 May 2023

1996.80

1.68%

Blue Star (BUY): Momentum continues; outlook bright

Buy: Blue Star Ltd.

Target

BOB Capital Markets Ltd.

UCP business shines in Q4, delivering 20% YoY growth and an 8.4% EBIT margin

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

05 May 2023

1996.80

1.68%

Blue Star Consolidated March 2023 Net Sales at Rs 2,623.83 crore, up 16.74% Y-o-Y

Moneycontrol

Blue Star Ltd. has an average target of 2038.20 from 5 brokers.

Blue Star Ltd.

05 May 2023

1996.80

1.68%

Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net

Business Standard

The company's net profit jumped to Rs 225 crore in Q4FY23 from Rs 76 crore a year ago, aided by profit from sale of freehold land.

Blue Star Ltd. is trading above all available SMAs

Blue Star posts 3-fold jump in Q4 profit to Rs 225 cr, revenue from ops up

Business Standard | 04 May 2023 1 more

Blue Star Ltd.

02 May 2023

1996.80

1.68%

Blue Star jumps 5% on plans of bonus shares; board meet on May 04

Business Standard

The company will also announce its March quarter and FY23 earnings on Thursday.

Blue Star Ltd. is trading above all available SMAs

Blue Star board to consider proposal for issuance of bonus shares on May 4

Business Standard | 01 May 2023 1 more

Blue Star Ltd.

06 Apr 2023

1996.80

1.68%

AC annual sales to grow 25% till '28: Blue Star MD

livemint

India's air conditioner market is expected to grow 25% annually for at least five years, driven by the Centre's productivity-linked incentive schemes and energy-efficient ACs. The market sold about 8 million units last year and is set to cross 10 million this year, with 95% of buyers being first-time buyers and 65% in tier 3, 4 and 5 cities. The contribution of smaller cities is set to grow, aided by "affordable air conditioners". Blue Star has launched a range of affordable ACs to increase volumes and market share.