Blue Star gains on eyeing 15% market share by FY25 in the room air conditioner segment!

Blue Star gains on eyeing 15% market share by FY25 in the room air conditioner segment!

by 5paisa Research Team Last Updated: Apr 07, 2023 - 05:43 pm 572 Views
Listen icon

Shares of the company gained more than 24% in the last six months.

Company Targets a market share of 15%

Blue Star is aiming to corner around 15% share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network. The company targets to achieve a market share of 15%by FY25 in the room air conditioner segment.

The company is witnessing a pick up in the markets of West and South regions and expects a 20 to 25% volume growth this season. Blue Star, which is launching affordable products targeting the mass premium segment catering to price-sensitive and first-time buyers especially from non-metro towns, has introduced 75 products across the inverter, fix speed and window ACs.

Share price movement of Blue Star Limited 

Today, the stock opened at Rs 1440, with a high and low of Rs 1450 and Rs 1409.55. The stock closed trading today at Rs 1443.95, up by 0.64%.

In the last six months, the shares of the company have given more than 24% returns and on a YTD basis, the stock has given about 20% returns.

The stock has a 52-week high of Rs 1535.50 and a 52-week low of Rs 860. The company has a market capitalisation of Rs 13,907.24 crore.

Company profile 

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. 

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.

JSW Group acquires 35% in MG Motor India, a SAIC subsidiary

On November 30, JSW Group announced a joint venture (JV) with SAIC Motor Corp. Ltd, the parent company of MG Motor India.