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

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.