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Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 2.1%
Mon, 5 Aug 9:50

Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 2.1%Image source: CreativaImages/www.istockphoto.com

Blue Star share price has plunged 5% and is presently trading at Rs 1,629.9.

Meanwhile, the BSE CONSUMER DURABLES index is at 58,771.8 (down 2.1%).

Among the top losers in the BSE CONSUMER DURABLES index today are AMBER ENTERPRISES INDIA (down 3.6%) and DIXON TECHNOLOGIES (down 3.1%).

Over the last one year, Blue Star has moved up from Rs 783.7 to Rs 1,629.9, registering a gain of Rs 846.2 (up 108.0%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 42,697.1 to 58,771.8, registering a gain of 37.6% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 173.1%), Blue Star (up 108.0%) and Voltas (up 81.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,456.2 (down 1.9%).

The top losers among the BSE Sensex today are Tata Motors (down 4.2%) and JSW Steel (down 3.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,271.9 (down 1.8%). Tata Motors and Hindalco are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,459.3 to 79,456.2, registering a gain of 12,996.8 points (up 19.6%).

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 81.0.


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