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Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 0.6%
Wed, 10 Jul 11:4

Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 0.6%Image source: ipopba/www.istockphoto.com

Blue Star share price has plunged 5% and is presently trading at Rs 1,765.2.

Meanwhile, the BSE CONSUMER DURABLES index is at 58,668.6 (down 0.6%).

Among the top losers in the BSE CONSUMER DURABLES index today are CROMPTON GREAVES CONSUMER ELEC. (down 2.2%) and ORIENT ELECTRIC (down 2.2%).

RAJESH EXPORTS (up 10.4%) and WHIRLPOOL OF INDIA (up 0.4%) are among the top gainers today.

Over the last one year, Blue Star has moved up from Rs 790.1 to Rs 1,765.2, registering a gain of Rs 975.1 (up 123.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,725.6 to 58,668.6, registering a gain of 37.3% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 190.8%), Blue Star (up 123.4%) and AMBER ENTERPRISES INDIA (up 105.7%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,593.3 (down 0.9%).

The top losers among the BSE Sensex today are M&M (down 6.8%) and HCl Tech. (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,212.7 (down 0.9%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,593.3, registering a gain of 14,249.1 points (up 21.8%).

Blue Star Financial Update...

Blue Star net profit fell 28.9% YoY to Rs 1,594 million for the quarter ended March 2024, compared to a profit of Rs 2,240 million a year ago. Net sales rose 26.8% to Rs 33,278 million during the period as against Rs 26,238 million in January-March 2023.

For the year ended March 2023, Blue Star reported 138.5% increase in net profit to Rs 4,007 million compared to net profit of Rs 1,680 million during FY22. Revenue of the company grew 31.6% to Rs 79,773 million during FY23.

The current Price to earnings ratio of Blue Star, based on rolling 12 month earnings, stands at 87.7.


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