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Last Updated : Aug 07, 2020 01:59 PM IST | Source: Moneycontrol.com

Neutral Blue Star; target of Rs 460: Motilal Oswal

Motilal Oswal recommended neutral rating on Blue Star with a target price of Rs 460 in its research report dated August 05, 2020.

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Motilal Oswal 's research report on Blue Star


Blue Star’s (BLSTR) FY20 Annual Report highlights the company’s focus on improving working capital, enhancing manufacturing facilities, deepening its reach, consolidating global presence in key markets like the Middle East, and increasing R&D/ad-spends. Key insights highlighted below:



Outlook


Our SOTP-based TP stands at INR460/share and we maintain Neutral. We prefer Voltas over BLSTR to play the underpenetrated AC market in India.


For all recommendations report, click here


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First Published on Aug 7, 2020 01:59 pm
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