Blue Star gains after decent Q1 results

Blue Star rose 2.71% to Rs 158.95 at 15:21 IST on BSE after net profit rose 10.85% to Rs 22.77 crore on 5.38% growth in total income from operations to Rs 770.82 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 22 July 2013.

Meanwhile, the S&P BSE Sensex was up 11.91 points or 0.06% at 20,161.76.

On BSE, 10,527 shares were traded in the counter as against average daily volume of 3,843 shares in the past one quarter.

The stock hit a high of Rs 160 and a low of Rs 154 so far during the day. The stock had hit a 52-week high of Rs 230.65 on 5 October 2012. The stock had hit a 52-week low of Rs 151.80 on 25 March 2013.

The stock had underperformed the market over the past one month till 19 July 2013, declining 5.09% compared with the Sensex's 4.7% rise. The scrip had also underperformed the market in past one quarter, declining 4.56% as against Sensex's 5.96% rise.

The small-cap company has equity capital of Rs 17.99 crore. Face value per share is Rs 2.

Blue Star's major products includes packaged air-conditioning, industrial packaged chillers, shell and tube condensers and coolers, air handling units, finned condensers and evaporators.

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