India's Blue Star rises after Motilal Oswal flags demand tailwinds, margin expansion

Blue Star

20/04/2026 08:23

** Shares of India's Blue Star BLUS.NS rise 2.68% to 1,914.90 rupees

** Motilal Oswal ("neutral", TP:1,950 rupees) says improving demand outlook with rising temperatures and return of typical seasonal conditions likely to drive recovery in room air-conditioner demand

** Brokerage raises EBITDA estimates by about 5% each for FY27 and FY28, expects strong earnings growth over FY26–28

** Adds backward integration, operating leverage and cost-saving initiatives expected to support margin expansion

** BLUS rated "hold" on average by 24 analysts, median PT at 1910 rupees -- data compiled by LSEG

** YTD, stock up ~8%

 (Reporting by Surbhi Misra in Bengaluru)

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