India's Blue Star up on Q2 profit surge

Blue Star

31/10/2023 03:56

** Shares of Blue Star  BLUS.NS  rise as much as 7.2% to
935.1 rupees, their largest intraday pct climb since Sept. 20
    ** Co's Q2 consolidated net profit rose 66% YoY, revenue
rose 19.5%
    ** Co witnessed renewed demand for its room air conditioners
after the summer season which was impacted due to unseasonal
rains - BLUS
    ** Electro-mechanical projects and commercial air
conditioning systems' segment revenue rose 12.1% YoY
    ** Stock on track to rise for third straight session, if
trend holds
    ** Mean rating of 18 analysts is "buy"; median PT is 801.5
rupees - LSEG data
    ** Stock last up 4.7%, taking YTD gain to 52.2%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))