Blue Star targets residential segment by unveiling energy-efficient ACs
Shital Jibhe / 18 Jan 2017
India's major air-conditioning and refrigeration company Blue Star, has launched an array of air conditioners to meets its consumers' demand. The company has set a benchmark in the highest numbers of air conditioning models suited for basic needs of its customers.
India's major air-conditioning and refrigeration company Blue Star, has launched an array of air conditioners to meets its consumers' demand. The company has set a benchmark in the highest numbers of air conditioning models suited for basic needs of its customers.
In the current fiscal year, the company has grown around 30 per cent. Currently, Blue Star is holding 11.5 per cent of market share and is confident of gaining 12.5 per cent by FY18.
The interesting part is that the Blue Star stock is trading above its 200 Simple Moving Average (SMA) which indicates bullishness in the stock. The stock of the company today is trading strong, with 0.84 per cent gain. In the last one year, the stock has given a return of 53.47 per cent. Currently, the stock is trading with the Per-share Earnings (P/E) of 34.05.
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