India's Blue Star gains on commissioning new air conditioner assembly line

Blue Star

27/02/2025 06:52

** Shares of Blue Star BLUS.NS rise 2.6% to 1,927.2 rupees

** The air conditioners and air purifiers maker said on Tuesday it is commissioning a new assembly line for manufacturing of room air conditioners at unit

** Co plans to invest around 2 billion rupees ($22.9 million) on the same; expects capacity addition of 20,000 units per month

** 17 analysts covering the stock on avg have a "Buy" rating; median PT is 1,930.5 rupees - LSEG data

** Stock up ~4% so far this year

($1 = 87.1900 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))