Mid Cap Consumer Durables Company To Consider Its First Ever Bonus Share Issue

Mid cap company operating in the consumer durables sector, Blue Star Ltd is planning to consider its first ever bonus share issue in a meeting scheduled to take place on May 4, 2023. The shares of the company gave 31% return in last 1-year and 22% return in last 6-months. Check details below:

Blue Star Ltd To Consider Issuance Of Bonus Share In Upcoming Meeting: According to the BSE filing of the company, "Further to our letter dated March 27, 2023, with respect to intimation of the date of the Board Meeting scheduled to be held on Thursday, May 4, 2023, we hereby inform you that the Board of Directors in the said meeting would also consider the proposal for issuance of Bonus Shares to the shareholders of the Company."

Blue Star Ltd Stock Performance: The last trading price of Blue Star Ltd is Rs 1491.50 per share with intraday gain of 0.99% on BSE. The stock's 52-week high price is Rs 1550.00 per share and 52-week low price is Rs 860.00 per share, respectively. The company's market capitalisation is Rs 14,365.22 crore.

Blue Star Return: The stock gave 31% return in last 1-year, 76% return in last 2-years, and 179% return in last 3-years, and 86% return in last 5-years. When Blue Star rallied 179% in last 3-years, BSE Sensex jumped 82%.

Blue Star Ltd About: Blue Star is India's leading heating, ventilation, air conditioning and commercial refrigeration (HVAC&R) Company, with an annual revenue of over Rs 6045 crores (778 million USD), a network of 31 offices, 5 modern manufacturing facilities and two new state-of-the-art facilities being set up, 2621 employees, and 3950 channel partners. The Company has 7500 stores for room ACs, packaged air conditioners, chillers, cold rooms as well as refrigeration products and systems, along with 1172 service associates reaching out to customers in over 900 towns, according to its official website.

Disclaimer:The company is planning to issue bonus share in the upcoming meeting scheduled to take place on May 4. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.