Buy Blue Star, target price Rs 1300: HDFC Securities

HDFC Securities has buy call on Blue Star with a target price of Rs 1300. The current market price of Blue Star Ltd. is Rs 1106.1. Time period given by analyst is 3 months when Blue Star Ltd. price can reach defined target.

Blue Star Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 10765.00 Crore) operating in Consumer Durables sector.

Blue Star Ltd. key Products/Revenue Segments include Air Conditioners, Income from Eng.Construction Contracts, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1519.60 Crore, up 21.78 % from last quarter Total Income of Rs 1247.86 Crore and up 34.24 % from last year same quarter Total Income of Rs 1131.98 Crore. Company reported net profit after tax of Rs 47.21 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 38.76 per cent stake in the company as of 31-Dec-2021, while FIIs owned 11.09 per cent, DIIs 22.83 per cent.