Be a PRO & get up to 50% off on select brands. Explore Now

Buy Blue Star: target of Rs 1200: Sharekhan

Sharekhan is bullish on Blue Star has recommended buy rating on the stock with a target price of Rs 1200 in its research report dated May 07, 2021.

June 10, 2021 / 11:14 AM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on Blue Star

Overall, Q4 results were good with broad-based growth seen across segments leading to beat in revenue and profitability. Margins came in lower than estimates largely due to high input cost. Blue Star continued to grow faster than the market in RAC, achieved breakeven in water purifier, and maintained its leadership position in commercial refrigeration. Barring the likely COVID-led impact in Q1FY2022, management is optimistic of growth prospects with overall goal of market share gains, cost management, and OCF generation.


We maintain Buy on Blue Star Limited (Blue Star) with an unchanged a PT of Rs. 1,200, given its high net earnings growth trajectory for FY2021-FY2023E and favourable relative valuation.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: May 27, 2021 12:47 pm

stay updated

Get Daily News on your Browser
Enjoying Moneycontrol?

How about a quick survey to help us improve our services?

Ok, sure

Maybe next time!