Blue Star s Vir Advani discusses strong Q4 performance, market growth outlook, revenue milestones, and technological advancements. Anticipates continued demand revival, capacity expansion, and industry growth with a focus on innovation and efficiency improvements.
Blue Star Q3 net profit up 72% to Rs 100 5 crore deccanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deccanherald.com Daily Mail and Mail on Sunday newspapers.
“October has been good, better than expected. The industry is doing well and we continue to outperform the industry. We are looking forward to a strong Q3 as well. You know that we will be building up stock in the market by December as well. So it is Dussehra, Diwali, and then the build-up for the summer so it looks like a positive outlook.”
Shares of Blue Star have emerged from a consolidation on the weekly time frame that could likely open a further 11% upside in the stock. The indicators on technical charts exhibit a bullish trend which are supported by strong volumes, experts tell ETMarkets as they recommend investors to hold this stock and not panic on corrections.
The Executive Management Committee at its meeting held on Monday considered and approved the issue s opening on September 18, 2023. It also approved the floor price for the issue, being Rs 784.55 per equity share, based on the pricing formula, as prescribed under the SEBI ICDR Regulations.