Monday, December 4, 2023

    ₹ 7 to ₹ 1,005: By “cooling” company operations, multibagger stocks heat investors’ pockets


    Blue Star Ltd has converted an investment of Rs 1 lakh to Rs 1.39 crore in 21 years
    Shares of Blue Star Ltd rose 1.42 percent to close at 1,005.05 on Monday.
    As per available data, this stock was at Rs 7.21 on July 6, 2001.

    New Delhi. Blue Star Limited, a mid cap company in the consumer durables industry, has turned an investment of Rs 1 lakh into Rs 1.39 crore in the last 21 years. Yes, you read that right – 1 Crore 39 Lakh. Calculated as a percentage, this return becomes 13,800 percent.

    Blue Star’s market cap is currently Rs 9,679.55 crore. Blue Star has 7,500 outlets. The company manufactures room air conditioners, packaged air conditioners, chillers, cold room and refrigeration products and systems. Also, the company is steadily strengthening its hold in the domestic water purifier market. It launched the country’s first RO+UV hot and cold water purifier.

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    Blue Star share price history
    Shares of Blue Star Limited closed at 1,005.05 on Monday. Which is 1.42 percent more than the previous day. But if we talk about this year (2022), it has decreased by 1.01 percent. It has fallen 2.35 percent over the past 6 months, but this stock has risen 20.19 percent over the past year. Similarly this stock has returned 49.38 percent in 5 years.

    If we look at the five-year returns, it seems very low, but in 21 years, a lot of money has rained down on investors. According to a report by LiveMint, this stock was at Rs 7.21 on 6 July 2001 and today it has reached Rs 1,005.05.

    How are its quarterly results?
    Brokerage firm Sharekhan said Blue Star’s results for the first quarter of FY23 were in line with their estimates. Net profit, however, was better than expected because of higher income and lower taxes. Its revenue grew 87 percent year-on-year. Operating profit grew 192 percent year-on-year.

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    Should I invest in it?
    Research analysts at Sharekhan believe that the company will outperform other companies of its type in the near future. This is due to the company’s strong distribution network, growing market share and excellent work in product mix. Apart from these, commercial refrigeration products, backward integration, in-house manufacturing will further increase the company’s growth.

    The brokerage house kept the stock as Buy without any change in rating. The firm expects it to easily touch the Rs 1,250 level. According to the firm, if the stock touches this level, it will be the all-time high for the company’s stock. Looking at the technical side, this stock is moving above the 5, 10, 20, 50, 100 and 200 day moving averages.

    Tags: Business News, Money Making Tips, Multibagger stock, stock market, capital market, Stock tips

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