How to earn more from Blue Star shares; Find out reasons here
After exit poll 2019 predictions indicating a clear mandate to the ruling NDA coalition, some stocks can fetch you handsome returns in coming days.
After exit poll 2019 predictions indicating a clear mandate to the ruling NDA coalition, some stocks can fetch you handsome returns in coming days and Zee Business brings to you all that you need to know in brief about this special share. The report said that during the BJP-led NDA government, Blue Star has performed very well, witnessing a 3.5% growth since 2014, therefore it holds a significant position.
The second trigger for the stock is that since the ruling party BJP's manifesto or Sankalp Patra has emphasised upon giving trust to investment in infrastructure, with about Rs 1 lakh crore. This segment will see massive activity, as . This will see investments in Hospitals, smart cities, and construction of metros, this cooling product will naturally see a spurt in demands.
As Blue star is famous for AC products, or EMPS (electro-mechanical products), the company has aimed at doubling its production by 2022. Experts says that in the AC segment whatever growth will be witnessed, Blue Star is going to outferform that. These are the reasons that this stock assumes a significance, said Zee Business.
The report also adds that Angel Broking has also given a buy call for this share with a target of Rs 867.
Notably, Blue Star is the country's leading air conditioning and commercial refrigeration company, with an annual revenue of over Rs 4600 crores. With a network of 32 offices, 5 modern manufacturing facilities, 2800 employees, and 2900 channel partners, the Company has 5000 stores for room ACs, packaged air conditioners, chillers, cold rooms as well as refrigeration products and systems, along with 765 service associates reaching out to customers in over 800 towns.