Dolat Capital recommended reduce rating on Blue Star with a target price of Rs 508 in its research report dated July 20, 2020.
Dolat Capital's research report on Blue Star
The Blue Star AR while addressing the covid-19 impact talks about company’s focus on constant innovation, product expansion and dealer engagement. The company revamped its products and brand with Virat Kohli as the brand ambassador in FY20.
Outlook
The company has implemented the BlueStar@80 FY24 strategy; management continuity, constant innovation and cash conservation form the main pillars.
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