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    5 reasons Blue Star is this week's stock pick

    Synopsis

    Long-term growth prospects of the air conditioning segment are bright, due to rising per capita income, growing urbanisation, revival in the construction sector and order inflows from factories, retail and educational institutions.

    Helped by strong operational performance, higher other income and lower tax, air-conditioning and commercial refrigeration company Blue Star reported robust numbers in the first quarter of 2022-23. The revenue grew 87.3% y-o-y to Rs.1,970.3 crore whereas EBITDA and PAT jumped over 2.9 times and 5.2 times y-o-y to Rs.123.3 crore and Rs.100.69 crore, respectively. All business segments witnessed robust growth between 39-44% y-o-y in 2021-22, and
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