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Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 2.1%
Mon, 4 Nov 10:42

Blue Star Plunges 5%; BSE CONSUMER DURABLES Index Down 2.1%Image source: phive2015/www.istockphoto.com

Blue Star share price has plunged 5% and is presently trading at Rs 1,821.0.

Meanwhile, the BSE CONSUMER DURABLES index is at 60,024.6 (down 2.1%).

Among the top losers in the BSE CONSUMER DURABLES index today are RAJESH EXPORTS (down 3.6%) and AMBER ENTERPRISES INDIA (down 3.3%).

WHIRLPOOL OF INDIA (up 0.7%) is among the top gainers today.

Over the last one year, Blue Star has moved up from Rs 877.9 to Rs 1,821.0, registering a gain of Rs 943.1 (up 107.4%).

On the other hand, the BSE CONSUMER DURABLES index has moved up from 44,308.0 to 60,024.6, registering a gain of 35.5% during the last 12 months.

The top gainers among the BSE CONSUMER DURABLES index stocks during this same period were DIXON TECHNOLOGIES (up 176.5%), Blue Star (up 107.4%) and AMBER ENTERPRISES INDIA (up 104.4%).

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

What About the Benchmark Indices?

The BSE Sensex is at 78,569.4 (down 1.6%).

The top losers among the BSE Sensex today are Sun Pharma (down 3.9%) and NTPC (down 3.8%). The most traded stocks in the BSE Sensex are ICICI Bank and Reliance Ind..

In the meantime, NSE Nifty is at 23,919.1 (down 1.6%). IOC and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,874.9 to 78,569.4, registering a gain of 14,694.5 points (up 23.0%).

Blue Star Financial Update...

Blue Star net profit grew 102.3% YoY to Rs 1,687 million for the quarter ended June 2024, compared to a profit of Rs 834 million a year ago. Net sales rose 28.7% to Rs 28,654 million during the period as against Rs 22,260 million in April-June 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 75.0.


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