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Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 0.8%
Tue, 6 Aug 16:46

Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 0.8%Image source: ipopba/www.istockphoto.com

Blue Star share price has plunged 5% and is presently trading at Rs 1,557.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 57,879.8 (down 0.8%).

Among the top losers in the BSE CONSUMER DURABLES index today are ORIENT ELECTRIC (down 2.5%) and CROMPTON GREAVES CONSUMER ELEC. (down 2.5%).

Voltas (up 0.9%) and Bajaj Electricals (up 0.3%) are among the top gainers today.

Over the last one year, Blue Star has moved up from Rs 774.6 to Rs 1,557.0, registering a gain of Rs 782.4 (up 101.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,368.4 to 57,879.8, registering a gain of 36.6% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 170.4%), Blue Star (up 101.0%) and Voltas (up 82.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

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 2024, Blue Star reported 3.4% increase in net profit to Rs 4,143 million compared to net profit of Rs 4,007 million during FY23. Revenue of the company grew 21.4% to Rs 96,854 million during FY24.

The current Price to earnings ratio of Blue Star, based on rolling 12 month earnings, stands at 77.4.


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