Dolat Capital Market has given Reduce recommendation for Blue Star with a target price of Rs. 730 in its research report issued on Mar 18, 2021

Dolat Capital Market’s research report on Blue Star

The AC industry is witnessing a strong offtake for the current summer as per our interaction with Blue Star. The company has taken a 5-8% price hike so far but expects the next round of price hike to likely happen in April. It expects the combination of price hike and scale effect to help it maintain margins.