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Buy Blue Star; target of Rs 1,670: Sharekhan

Sharekhan is bullish on Blue Star has recommended buy rating on the stock with a target price of Rs 1,670 in its research report dated May 03, 2024.

Hot Stocks: TD Power Systems, Kirloskar Oil Engines, Blue Star may deliver 12-16% returns

Any level above 22,400 could push Nifty towards new all-time high and beyond.

Ice-cream, beverage, and AC demand set to surge as India prepares for hotter summer

Later in the month of March temperatures are projected to surpass normal ranges with northeastern peninsular India, including Telangana, Andhra Pradesh, and north interior Karnataka, along with several regions of Maharashtra and Odisha anticipated to experience more frequent heatwaves than usual.

Trade Spotlight | How to trade in Rail Vikas Nigam, SJVN, Blue Star counters today

Blue Star saw new closing high on Monday and formed long bullish candlestick pattern on the daily charts with higher highs, higher lows formation for three days in a row.

Blue Star Ltd. engages in the provision of manufacture, trade and installation of air conditioning systems. It operates through the following segments: Electro -Mechanical Projects and Commercial Air Conditioning Systems, Unitary Products, and Professional Electronics and Industrial Systems. The Electro-Mechanical Projects and Commercial Air Conditioning Systems segment includes central air-conditioning projects, Electrical Contracting business and Packaged air-conditioning businesses including manufacturing and after sales service. The Unitary Products segment focuses on the cooling appliances, cold storage products, including manufacturing and after sales service. The Professional Electronics and Industrial Systems segment provides trading and services for testing machines, medical, analytical, test & measuring, data communications, industrial products and systems. The company was founded by Mohan T. Advani in 1943 and is headquartered in Mumbai, India.

Blue Star Ltd.

Volume	241,109.00
52-Wk High	1,897.80
52-Wk Low	701.70

BLUESTARCO.NSE Blue Star Ltd.

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