/ Blue Star Launches New Air-Conditioners Stocks Up 1% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 18 January 2017

Blue Star, the major air-conditioning and refrigerator company has launched an array of air conditioners to meets its consumer demand. The company has set a benchmark, as the company now has the highest number of air conditioning models, customised for the varied needs of its customers.

In the current fiscal, the company has grown by around 30%. Currently, Blue Star is operational with a market share of 11.5%, and is confident of gaining a market share of 12.5% by FY18. The interesting part is the stock is trading above its 200 SMA, which indicates bullishness in the stock. The stock on Jan 18 is trading strong, with gains of 0.84%. In the last one year, it has given a return of 53.47%. Currently, the stock is trading with a P/E of 34.05. The stock has outperformed the Mid-cap index in the last one year.
Blue Star Ltd is currently trading at Rs 525.4, up by Rs 2.8 or 0.54% from its previous closing of Rs 522.6 on the BSE. The scrip opened at Rs 522 and has touched a high and low of Rs 534 and Rs 519 respectively. So far 33598(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4992.08 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 581 on 17-Oct-2016 and a 52 week low of Rs 306.1 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs 528 and Rs 492 respectively.

The promoters holding in the company stood at 39.09 % while Institutions and Non-Institutions held 30 % and 30.92 % respectively. The stock is currently trading above its 100 DMA.
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