Q3 FY21 Result Update - Blue Star - YES Securities

- Our view - The stock in recent times has seen huge appreciation and is trading at 30x Fy23 EPS. Given the execution challenges in the Project segment and heightened competitive in RAC, there is downside risk to the stock price.

- Result summary - Revenue growth missed estimates on slower execution of project business. Revenue declined 9.1%, while EBITDA improved on better product mix and cost rationalization measures.

Shares of BLUE STAR LTD. was last trading in BSE at Rs.743 as compared to the previous close of Rs. 736.05. The total number of shares traded during the day was 11939 in over 1293 trades.

The stock hit an intraday high of Rs. 743.5 and intraday low of 703.6. The net turnover during the day was Rs. 8701208.

Source : Equity Bulls

Keywords