Indian AC maker Blue Star's railway foray will aid revenue growth - Haitong

Blue Star

23/03/2023 07:23

** Brokerage Haitong says Indian air-conditioner maker Blue
Star's  BLUS.NS  foray into railway space positive for the
company
    ** Haitong analysts say foray will aid revenue growth as
railway space one of the key areas of Indian government
    ** Blue Star won four work orders of $69.6 mln on Tuesday,
and shares rose as much as 2.6%
    ** Haitong has 'outperform' rating on BLUS with TP of 1,500
rupees 
    ** Fifteen of 19 analysts tracking the stock rate it 'buy'
or higher, 4 have 'hold;' median TP is 1,450 rupees 
    ** More than 84,250 shares changed hands as of 12:38 P.M.
IST, vs 30-day average of 96,315 shares
    ** Shares of BLUS up 2.33% as of 12:42 P.M. IST and ~21% so
far this year 


 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))