30-Oct-2026 07:45:12
BLUESTARCOGeneral news
UBS ON BLUE STAR ; BUY | TP ₹2,000
• UBS maintains Buy rating on Blue Star with a target price of ₹2,000. • Q2 revenue grew 21% YoY, EBITDA increased 10% YoY and PAT rose 2% YoY, beating consensus estimates. • Unitary Products segment revenue surged 29% YoY, while profitability remained subdued at 2.3%. • Strong data-centre demand supported order inflows of ₹1,400 crore. • Expects stronger Mechanical, Electrical & Plumbing (MEP) orders ahead, supported by growing data-centre demand.
BLUE STAR LIMITED