Motilal Oswal recommended neutral rating on Blue Star with a target price of Rs 460 in its research report dated August 05, 2020.
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:
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
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.