# Blue Star (BLUESTARCO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bluestarco

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,575
- Change: +0.19%
- As of: 2026-11-06
- 1D return: +0.19%
- 5D return: -3.25%
- 1M return: +3.69%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

BLUESTARCO closed at ₹1,575.00 on 2026-11-06, trading in a narrow range between ₹1,530 and ₹1,580. The daily technical structure is mixed: price sits above the 20-day EMA, 50-day EMA, and Supertrend, suggesting short-term resilience, but remains below the 200-day SMA, confirming a longer-term downtrend. Trend strength is weak across all timeframes, with the Daily ADX at 13.92 and Monthly ADX at 11.95, indicating low conviction and choppy price action.

Momentum is subdued, reflected in flat recent returns (+0.2% over 1 day and 1 month) despite a +5.1% gain over 10 days. The stock is positioned near the middle of its 20-day range (+49.2%) but near the lower end of its 252-day range (+23.9%), highlighting significant historical underperformance (-32.6% from available high). An extreme volume-price drop occurred on 2026-10-30, followed by consolidation. Immediate resistance lies at ₹1,576.87 (pivot) and ₹1,583.68 (high), while support is found at ₹1,557.33 (low).

The setup lacks directional clarity due to conflicting signals: bullish daily indicators versus bearish weekly structure (price below weekly Supertrend and EMAs). Confirmation requires a decisive break above ₹1,583.68 with sustained volume; failure to hold above ₹1,557.33 would invalidate the short-term bounce.

- Trend Conflict: Price is above daily 20/50 EMAs and Supertrend but below the 200-day SMA and weekly Supertrend, indicating short-term stability within a broader downtrend.
- Weak Momentum: ADX values are low (Daily 13.92, Monthly 11.95), signaling weak trend conviction and sideways movement rather than strong directional flow.
- Key Levels: Immediate resistance at ₹1,576.87 (pivot) and ₹1,583.68 (high); critical support at ₹1,557.33 (low). A break above ₹1,583.68 is needed to confirm bullish continuation.
- Risk Context: The stock is down -32.6% from its available high and exhibits high annualized volatility (+35.0%). Recent extreme volume drops on 2026-10-30 highlight sensitivity to selling pressure.

- Inside Bar
- Bullish Engulfing Reversal
- Outside Bar

### News Context

Blue Star is executing a strategic pivot from public infrastructure to the data centre sector, aiming to secure Rs 8,000 crore in orders by 2030. This shift signals a move toward digital infrastructure growth as reported on November 5, 2026. Market sentiment remains divided among analysts: Emkay Global Financial issued a 'Buy' rating with a target price of Rs 2,000 on November 2, while Motilal Oswal assigned a 'Neutral' rating with a lower target of Rs 1,510 on the same date. These contrasting views reflect differing assessments of the company's valuation and execution potential amid its business transition.

- Strategic Pivot: Blue Star is shifting focus from public infra to data centres, targeting Rs 8,000 crore in orders by 2030 (reported Nov 5, 2026).
- Bullish View: Emkay Global Financial rated the stock 'Buy' with a target of Rs 2,000 (Nov 2, 2026).
- Cautious View: Motilal Oswal rated the stock 'Neutral' with a target of Rs 1,510 (Nov 2, 2026).

- [Blue Star pivots from public infra to data centres, targets Rs 8,000 crore in orders by 2030](https://www.moneycontrol.com/news/business/blue-star-pivots-from-public-infra-to-data-centres-targets-rs-8-000-crore-in-orders-by-2030-14071048.html)
- [Neutral Blue Star; target of Rs 1510: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-blue-star-target-of-rs-1510-motilal-oswal-14066375.html)
- [Buy Blue Star; target of Rs 2000: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-blue-star-target-of-rs-2000-emkay-global-financial-14066277.html)

### What Changed

Blue Star Limited filed the transcript of its Q2 and half-year FY27 earnings call with the NSE on November 5, 2026, providing clarity on recent operational performance. Management reported consolidated revenue growth of approximately 21% for Q2, accompanied by operating-profit growth of around 10.5%. The divergence between top-line and bottom-line growth indicates that margins faced pressure during the period. Regarding future outlook, the company set a target for the Unitary Products segment to achieve margins of at least 6.5% in full-year FY27, explicitly characterizing this as an ongoing task rather than assured guidance.

Structurally, the MedTech business was divested for Rs. 35.6 crore, with the transaction completed on August 31, 2026. This sale marks a material change in the company's portfolio composition compared to earlier contexts where MedTech was part of the core operations. On the market front, the stock closed at ₹1,575.00 on November 6, 2026, reflecting a modest increase from the previous close of ₹1,555.00.

- Q2 FY27 Consolidated Revenue grew ~21%, while Operating Profit rose ~10.5%, signaling margin compression despite strong sales expansion.
- MedTech business divested for Rs. 35.6 crore; transaction completed on August 31, 2026, altering the company's business mix.
- Management targets Unitary Products segment margins of at least 6.5% for FY27, described as a work-in-progress goal rather than guaranteed guidance.
- Stock price recorded at ₹1,575.00 on November 6, 2026, up from ₹1,555.00 in the prior session.

- [Blue Star Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_05112026164939_LettertoExchanges-Q2FY27EarningsCallTranscript.pdf)
- [BLUE STAR LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261105_173916937.xml)

### Official Filings

Blue Star Limited’s Q2 and H1 FY27 disclosures highlight strong top-line growth offset by margin pressure, alongside the completion of its MedTech divestiture. Consolidated revenue rose 21% to ₹2,930.95 crore in Q2, driven by a carried-forward order book of ₹7,229.22 crore. However, EBITDA margins contracted from 7.6% to 6.9% due to material cost escalation and limited price pass-through. Management has set a target for the Unitary Products segment margin to reach at least 6.5%, describing it as an ongoing task rather than assured guidance. Net profit included a one-time exceptional gain of ₹23.02 crore from the MedTech sale, which closed on August 31, 2026, for total consideration of ₹35.65 crore. In legal developments, the Dubai Court of Appeal dismissed W.J. Towell & Co LLC’s attempt to annul an arbitration award favoring Blue Star, though the company noted WJT may still appeal. Additionally, the company granted 6,520 stock options under ESOP 2024 to an employee, vesting over four years.

- Q2FY27 revenue grew 21% YoY to ₹2,930.95 crore, supported by a carried-forward order book of ₹7,229.22 crore as of September 30, 2026.
- EBITDA margin fell to 6.9% from 7.6% in Q2FY26 due to material cost escalation; management targets a minimum 6.5% margin for the Unitary Products segment in FY27.
- MedTech business sale completed on August 31, 2026, for ₹35.65 crore, contributing an exceptional gain of ₹23.02 crore to Q2 net profit of ₹123.91 crore.
- Dubai Court of Appeal dismissed W.J. Towell & Co LLC’s application to annul the arbitration award favoring Blue Star; the company remains open to further submissions if an appeal is filed.

- [Blue Star Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_05112026164939_LettertoExchanges-Q2FY27EarningsCallTranscript.pdf)
- [BLUE STAR LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261105_173916937.xml)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/BLUESTARCO_03112026153814_2RecorddateNov-26.pdf)
- [Blue Star Limited has informed the Exchange regarding 'Grant of Options under Blue Star Employees Stock Option Scheme 2024 ( ESOP 2024 '). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_03112026184825_BSLIntimationtoSEforESOPgrant.pdf)
- [Blue Star Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_31102026200046_Stock_Exchange-OmanCaseArbitrationupdate31102026.pdf)
- [Blue Star Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112342_InvestorpresentationtoSE.pdf)
- [Blue Star Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112924_InvestorpresentationtoSE.pdf)
- [Blue Star Limited has informed the Exchange regarding 'Investor Update for the Second Quarter and Half Year ended on September 30, 2026'. |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112712_InvestorsUpdatetoUploadtoSE30102026.pdf)
- [Blue Star Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026165410_InvestorpresentationtoSE.pdf)

### Fundamentals

Blue Star’s operating trajectory shows a divergence between top-line momentum and bottom-line compression. In Q2 FY2026-27 (Sep 2026), revenue rose 21% year-on-year to ₹2,931 crore, yet net profit declined from ₹591 crore in FY2025 to ₹527 crore for the full year, with TTM net profit at ₹534 crore. This reflects margin pressure: while operating profit grew to ₹933 crore in FY2026, interest costs surged to ₹72 crore (from ₹49 crore) and depreciation increased significantly, particularly in the Sep 2026 quarter where it reached ₹68 crore. Earnings quality has weakened; CFO/EBITDA dropped sharply to 35% in Mar 2026 from 99% in Mar 2025, indicating less operating cash conversion relative to profits. The balance sheet is expanding, with fixed assets rising to ₹1,884 crore by Sep 2026 and borrowings increasing to ₹780 crore, though current borrowings decreased to ₹484 crore. ROCE fell to 21% in Mar 2026 from 26% previously. Promoter holding remains stable at ~36.5%, while DIIs increased their stake to 29.12%.

- Revenue growth (21% YoY in Q2 FY26-27) contrasts with declining net profit margins due to rising interest (₹72 crore in FY26) and depreciation (₹68 crore in Q2 FY26-27).
- Earnings quality signal: Cash flow from operations as a percentage of operating profit fell to 35% in Mar 2026, down from 99% in Mar 2025.
- Balance sheet expansion: Fixed assets grew to ₹1,884 crore and total borrowings to ₹780 crore by Sep 2026, while ROCE declined to 21%.
- Next checkpoint: Monitor whether Q3 FY26-27 results show stabilization of operating margins despite continued asset deployment and higher interest costs.

### Bear Case

Blue Star faces significant headwinds as evidenced by a prolonged negative price trajectory and elevated volatility. The stock has declined 30.3% since the start of the tracking period, with year-to-date returns at -11.1% and a six-month return of -12.8%. Technical indicators highlight deteriorating momentum; while the daily supertrend remains bullish, the weekly trend is bearish with a negative EMA-20 slope of -5.08 and an ADX of 19.22, suggesting weakening trend strength. The stock currently trades near immediate resistance at ₹1576.87 (0.12% above), limiting upside potential in the short term. Furthermore, the company’s maximum drawdown stands at -38.2%, indicating substantial historical downside risk. A strategic pivot to data centers, targeting Rs 8,000 crore in orders by 2030, introduces execution uncertainty during this period of market underperformance.

- Stock performance is deeply negative, with a -30.3% return since the start of the period and a -12.8% decline over the last six months.
- Weekly technicals are bearish (supertrend direction: bearish, SMA-20 slope: -11.83), contrasting with daily bullish signals, reflecting mixed momentum.
- High volatility persists with annualized volatility at +35.0% and a current drawdown of -32.6%.
- Immediate upside is capped by resistance at ₹1576.87, just 0.12% above the recent close of ₹1575.0.

- [Blue Star pivots from public infra to data centres, targets Rs 8,000 crore in orders by 2030](https://www.moneycontrol.com/news/business/blue-star-pivots-from-public-infra-to-data-centres-targets-rs-8-000-crore-in-orders-by-2030-14071048.html)
- [Neutral Blue Star; target of Rs 1510: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-blue-star-target-of-rs-1510-motilal-oswal-14066375.html)
- [Buy Blue Star; target of Rs 2000: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-blue-star-target-of-rs-2000-emkay-global-financial-14066277.html)
- [Blue Star Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_05112026164939_LettertoExchanges-Q2FY27EarningsCallTranscript.pdf)
- [BLUE STAR LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261105_173916937.xml)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/BLUESTARCO_03112026153814_2RecorddateNov-26.pdf)
- [Blue Star Limited has informed the Exchange regarding 'Grant of Options under Blue Star Employees Stock Option Scheme 2024 ( ESOP 2024 '). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_03112026184825_BSLIntimationtoSEforESOPgrant.pdf)
- [Blue Star Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_31102026200046_Stock_Exchange-OmanCaseArbitrationupdate31102026.pdf)
- [Blue Star Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112342_InvestorpresentationtoSE.pdf)
- [Blue Star Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112924_InvestorpresentationtoSE.pdf)

### FAQs

**What is Blue Star's strategic shift and growth target?**

Blue Star is pivoting its focus from public infrastructure to the data centre sector. The company has set a target to secure Rs 8,000 crore in orders within this segment by 2030.

**How did the company perform financially in Q2 FY27?**

For the quarter ended September 30, 2026, consolidated revenue grew by approximately 21%, while operating profit increased by about 10.5%. Management noted that margins were under pressure during this period.

**What are the key technical levels for the stock on November 6, 2026?**

The stock closed at ₹1,575.0 with a market capitalization of ₹32,322.64 crore. Immediate resistance sits near ₹1,576.87, while support is observed around ₹1,557.33. The daily trend indicator remains bullish, though the weekly trend is bearish.

**What recent corporate actions have been disclosed?**

On November 3, 2026, the company granted 6,520 stock options to an employee under the ESOP 2024 scheme, exercisable at ₹2 per share. Additionally, the MedTech business was sold for ₹35.6 crore, with the transaction completed on August 31, 2026.

- [Blue Star pivots from public infra to data centres, targets Rs 8,000 crore in orders by 2030](https://www.moneycontrol.com/news/business/blue-star-pivots-from-public-infra-to-data-centres-targets-rs-8-000-crore-in-orders-by-2030-14071048.html)
- [Neutral Blue Star; target of Rs 1510: Motilal Oswal](https://www.moneycontrol.com/news/business/neutral-blue-star-target-of-rs-1510-motilal-oswal-14066375.html)
- [Buy Blue Star; target of Rs 2000: Emkay Global Financial](https://www.moneycontrol.com/news/business/earnings/buy-blue-star-target-of-rs-2000-emkay-global-financial-14066277.html)
- [Blue Star Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_05112026164939_LettertoExchanges-Q2FY27EarningsCallTranscript.pdf)
- [BLUE STAR LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261105_173916937.xml)
- [Record Date Updates |SUBJECT: Record Date Updates](https://nsearchives.nseindia.com/content/debt/WDM/BLUESTARCO_03112026153814_2RecorddateNov-26.pdf)
- [Blue Star Limited has informed the Exchange regarding 'Grant of Options under Blue Star Employees Stock Option Scheme 2024 ( ESOP 2024 '). |SUBJECT: Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_03112026184825_BSLIntimationtoSEforESOPgrant.pdf)
- [Blue Star Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_31102026200046_Stock_Exchange-OmanCaseArbitrationupdate31102026.pdf)
- [Blue Star Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112342_InvestorpresentationtoSE.pdf)
- [Blue Star Limited has informed the Exchange about Presentation |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112924_InvestorpresentationtoSE.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Uptrend
- Pivot point: ₹1,576.87
- Risk regime: Higher Price Risk

### Support levels
- 1525.475
- 1508.1
- 1480.1

### Resistance levels
- 1583.6765625
- 1679.8
- 1798.25

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.19% |
| return_10 | +5.07% |
| return_1m | +0.22% |
| return_1y | -11.79% |
| return_20 | +3.69% |
| return_3m | +0.25% |
| return_5 | -3.25% |
| return_6m | -12.82% |
| return_since_start | -30.30% |
| return_ytd | -11.13% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -38.17% |
| annualized_volatility | +34.96% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Blue Star Limited Q2 FY2026-27: Revenue grows year on year, profit rises sequentially

Blue Star reported revenue from operations of ₹2,931 crore for the quarter ended 30 September 2026, up 21.0% year on year but down 13.2% from Q1 FY2026-27. Profit before tax rose 16.2% sequentially to ₹157 crore, while profit for the period increased 20.9% to ₹124 crore.

## Revenue and expenses

Revenue declined from ₹3,378 crore in Q1 FY2026-27 to ₹2,931 crore in Q2, and was below the ₹4,072 crore reported in Q4 FY2025-26. Expenses fell 14.1% sequentially to ₹2,813 crore, slightly faster than revenue; other expenses decreased 15.3% to ₹260 crore.

Year on year, revenue grew 21.0% from ₹2,422 crore in Q2 FY2025-26, while expenses rose 22.4% from ₹2,299 crore. The faster annual increase in expenses is relevant to the quarter’s underlying profitability: profit before exceptional items and tax was nearly unchanged year on year.

## Profit and earnings

Profit before exceptional items and tax increased 6.4% from Q1 to ₹134 crore, compared with ₹133 crore in Q2 FY2025-26. Profit before tax rose to ₹157 crore from ₹135 crore in Q1 and ₹133 crore a year earlier. Exceptional items were ₹23 crore in Q2, versus ₹9 crore in Q1.

Profit for the period was ₹124 crore, up from ₹103 crore in Q1 and ₹99 crore in Q2 FY2025-26. Earnings per share from continuing operations were ₹6.03, compared with ₹4.99 in Q1 and ₹4.80 a year earlier. Tax expense was ₹33.4 crore, broadly unchanged from a year earlier.

## Costs

Cost of materials consumed was ₹2,068 crore in Q2, the largest reported expense component. Other costs included ₹127 crore for purchases of stock in trade, ₹252 crore in employee benefit expense and ₹68 crore in depreciation, depletion and amortisation.

## Cash flow and liquidity

Operating cash flow was ₹414 crore in Q2. Investing activities used ₹225 crore and financing activities used ₹378 crore; reported free cash flow was ₹190 crore.

At 30 September 2026, cash and cash equivalents stood at ₹181 crore, compared with ₹367 crore at 31 March 2026. Current investments increased to ₹525 crore from ₹435 crore, while other bank balances rose to ₹71 crore from ₹35 crore. Current borrowings declined to ₹484 crore from ₹627 crore over the same dates.

## Balance sheet and working capital

Total assets were ₹8,486 crore at 30 September 2026, compared with ₹8,576 crore at 31 March 2026. Equity attributable to owners of the parent increased to ₹3,487 crore from ₹3,431 crore. Property, plant and equipment stood at ₹1,652 crore, up from ₹1,361 crore.

Inventories increased to ₹2,275 crore from ₹2,166 crore, while current trade receivables declined to ₹1,675 crore from ₹2,140 crore. These movements point to differing changes in two important working-capital balances.

## Key Takeaway

Q2 combined 21.0% year-on-year revenue growth with a sequential decline in revenue and a rise in reported profit. The near-flat year-on-year profit before exceptional items and tax contrasts with the 17.6% increase in profit before tax, which included ₹23 crore of exceptional items. Operating cash flow was ₹414 crore, and current borrowings were lower at the September close than at March.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +36.50%
- FII holding: +12.29%
- DII holding: +29.12%
- Mutual fund holding: +21.65%
- Retail holding: +12.24%
- Promoter pledged: +0.00%

### Major reported shareholders

- Vistra ITCL (India) Limited as a Trustee of  Ashok M Advani Family Private Trust — +11.63% (Trusts)
- Vistra ITCL (India) Limited as a Trustee of  SMA Family Private Trust — +7.57% (Trusts)
- ICICI Prudential Multicap Fund — +3.87%
- Kotak Midcap Fund — +3.63%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +3.49%
- SBI Life Insurance Co. Ltd — +2.46%
- Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small Cap Fund — +2.35%
- Vistra ITCL (India) Limited as a  Trustee of NSA Family Trust — +2.24% (Trusts)
- Vistra ITCL (India) Limited as a Trustee of  SNA Family Trust — +2.24% (Trusts)
- Rohina Lulla — +2.12%

## Official filings

- 2026-11-05 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_05112026164939_LettertoExchanges-Q2FY27EarningsCallTranscript.pdf)
- 2026-11-05 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261105_173916937.xml)
- 2026-11-03 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BLUESTARCO_03112026153814_2RecorddateNov-26.pdf)
- 2026-11-03 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BLUESTARCO_03112026153814_2RecorddateNov-26.pdf)
- 2026-11-03 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_03112026184825_BSLIntimationtoSEforESOPgrant.pdf)
- 2026-10-31 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_31102026200046_Stock_Exchange-OmanCaseArbitrationupdate31102026.pdf)
- 2026-10-30 — Earnings Presentation: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112342_InvestorpresentationtoSE.pdf)
- 2026-10-30 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112924_InvestorpresentationtoSE.pdf)
- 2026-10-30 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026112712_InvestorsUpdatetoUploadtoSE30102026.pdf)
- 2026-10-30 — Earnings Presentation: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026165410_InvestorpresentationtoSE.pdf)
- 2026-10-30 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026180502_AudiorecordingofInvestorsConcallQ2FY27.pdf)
- 2026-10-30 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261030_181034661.xml)
- 2026-10-30 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_30102026214535_FinancialsQ2FY27Communicationtoshareholders.pdf)
- 2026-10-29 — Press Release: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_29102026162139_Pressrelease29102026_-_Financials.pdf)
- 2026-10-29 — Management Change: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_29102026163137_BSLIntimationtoSEappoinmentofSMP.pdf)
- 2026-10-29 — Management Change: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_29102026163002_BSLIntimationtoSEappoinmentofSMP.pdf)
- 2026-10-29 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1898_WebXMLFile_20261029_164919005.xml)
- 2026-10-29 — Financial Results Filing: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1749052_29102026054230_WEB.xml)
- 2026-10-29 — Financial Results Filing: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1749053_29102026054251_WEB.xml)
- 2026-10-23 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_1898_WebXMLFile_20261023_210528553.xml)
- 2026-10-23 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_23102026210257_IntimationofInvestorEarningconferencecallQ2FY27.pdf)
- 2026-10-19 — Shareholding Disclosure: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1729642_28092026043201_WEB.xml)
- 2026-10-17 — Shareholding Disclosure: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741009_17102026084603_WEB.xml)
- 2026-10-16 — Generic Announcement: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/BLUESTARCO_16102026204524_StockExchangeIntimation_PostalBallot.pdf)
- 2026-10-16 — Regulatory Filing: Blue Star Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1740474_16102026085022_WEB.xml)

## News and market events

- 2026-11-07 — Mint: **Muhurat trading, Diwali 2026: Stocks to buy in Samvat 2083 - Blue Star, CESC, Delhivery, Ingersoll - check share price** — PL Capital has issued 'Buy' ratings for Blue Star, CESC, Delhivery, and Ingersoll-Rand India, projecting upside potential of up to 56% in these mid- and small-cap stocks. The brokerage cites structural growth drivers including cooling demand, renewable energy expansion, logistics leadership, and compressor market strength as key factors supporting the positive outlook. — [Source](https://www.livemint.com/market/stock-market-news/nse-overhauls-key-trading-rules-closing-auction-session-f-o-expiry-trading-hours-revised-what-changes-for-invest-11794044306255.html)
- 2026-11-07 — Times of India: **Muhurat Trading 2026: Why Dalal Street opens for an hour on Diwali - 10 stocks to buy for Samvat 2083** — Equity markets will hold a special Muhurat trading session on Diwali, Sunday November 8, with a pre-opening session from 2:05 pm to 2:20 pm and a main equity session from 2:20 pm to 3:30 pm. The session marks the beginning of the Samvat 2083 financial year. — [Source](https://timesofindia.indiatimes.com/business/india-business/muhurat-trading-2026-why-dalal-street-opens-for-an-hour-on-diwali-10-stocks-to-buy-for-samvat-2083/articleshow/135632689.cms)
- 2026-11-05 — MONEYCONTROL: **Blue Star pivots from public infra to data centres, targets Rs 8,000 crore in orders by 2030** — Blue Star is shifting its strategic focus from public infrastructure to the data centre sector, aiming to secure Rs 8,000 crore in orders by 2030. This pivot marks a significant change in the company's business trajectory as it targets growth within the digital infrastructure market. — [Source](https://www.moneycontrol.com/news/business/blue-star-pivots-from-public-infra-to-data-centres-targets-rs-8-000-crore-in-orders-by-2030-14071048.html)
- 2026-11-02 — MONEYCONTROL: **Neutral Blue Star; target of Rs 1510: Motilal Oswal** — Motilal Oswal has issued a 'Neutral' rating for Blue Star, setting a price target of Rs 1510. This recommendation reflects the broker's current valuation stance on the company. — [Source](https://www.moneycontrol.com/news/business/neutral-blue-star-target-of-rs-1510-motilal-oswal-14066375.html)
- 2026-11-02 — MONEYCONTROL: **Buy Blue Star; target of Rs 2000: Emkay Global Financial** — Emkay Global Financial has issued a 'Buy' recommendation for Blue Star, setting a target price of Rs 2000. This analyst note suggests an upward outlook for the company's stock performance. — [Source](https://www.moneycontrol.com/news/business/earnings/buy-blue-star-target-of-rs-2000-emkay-global-financial-14066277.html)
- 2026-10-30 — MONEYCONTROL: **Accumulate Blue Star; target of Rs 1783: Prabhudas Lilladher** — Brokerage firm Prabhudas Lilladher has issued an 'Accumulate' recommendation for Blue Star, setting a price target of Rs 1783. — [Source](https://www.moneycontrol.com/news/business/stocks/accumulate-blue-star-target-of-rs-1783-prabhudas-lilladher-14064714.html)
- 2026-10-30 — The Hindu: **Q2 Results 30th Oct Highlights: GAIL, IOC, Sun Pharma, Aditya Birla, BOB, Aether, Smartworks Q2 PAT rise, Zee Entertainment con. PAT declines, Dixon's profit fall, Reliance, Jio Platforms, BEL, GE Vernova, Lodha, Delhivery, NTPC Green to announce Q2 results** — Market participants reacted to the day's Q2 results with specific stocks identified as gainers and losers. Trent, IndiGo, Deepak Nitrite, and Milky Mist were among the gainers, while Coal India, Strides Pharma, Blue Star, CAMS, Equitas SFB, and Godrej Consumer were among the losers. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-highlights-reliance-ind-jio-platforms-sun-pharma-dixon-bel-ioc-bob-gail-ge-vernova-lodha-developers-max-healthcare-ntpc-delhivery-aether-company-results-30-october-2026/article71640116.ece)
- 2026-10-30 — BUSINESSTODAY: **Stocks in news today: RIL, Suzlon Energy, Trent, Deepak Nitrite and more** — Multiple listed companies including Reliance Industries, Vedanta Power, InterGlobe Aviation, Suzlon Energy, Vedanta Oil and Gas, Blue Star, Trent, Indegene, and Deepak Nitrite reported or are set to report their Q2 FY27 financial results, showing mixed performance across sectors. — [Source](https://www.businesstoday.in/markets/stocks/story/stocks-in-news-today-ril-suzlon-energy-trent-deepak-nitrite-and-more-564679-2026-10-30)
- 2026-10-30 — Mint: **Indian shares seen opening higher after earnings-led rebound; higher oil to cap gains** — Investors are awaiting key quarterly earnings from index constituents including Reliance Industries, Sun Pharma, and Bharat Electronics later in the day, which could influence the near-term market trajectory. — [Source](https://www.livemint.com/market/stock-market-news/indian-shares-seen-opening-higher-after-earnings-led-rebound-higher-oil-to-cap-gains-11793327632640.html)
- 2026-10-29 — CNBC-TV18: **Stocks to Watch for October 30: Coal India, Suzlon Energy, IndiGo, Trent, Vedanta Power and more** — Suzlon Energy reported a 26% year-on-year rise in revenue from operations to ₹4,869 crore in Q2 FY27, supported by record quarterly deliveries of 710 MW. Net profit after tax rose 1.3% year-on-year to ₹394 crore on a comparable basis, while EBITDA margin contracted to 14.8% from 18.6%. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-30-coal-india-suzlon-energy-indigo-trent-vedanta-power-and-more-20022609.htm)
- 2026-10-29 — CNBC-TV18: **Blue Star Q2 results: Profit rises 26% to ₹124 crore, beating estimates on 21% revenue growth** — Blue Star reported Q2FY27 consolidated profit of ₹123.92 crore, up 25.5% year-on-year, beating market estimates, while revenue rose 21% to ₹2,930.95 crore. The company noted that higher material costs kept operating margins under pressure despite strong demand for room air conditioners and commercial projects. — [Source](https://www.cnbctv18.com/market/earnings/blue-star-q2-results-profit-rises-26pc-to-rs124-crore-beating-estimates-on-21pc-revenue-growth-20022527.htm)
- 2026-10-01 — CNBC-TV18: **AC, TV, washing machine prices to rise: How buyers can save this festive season** — Haier India plans to raise room AC prices by around 5% from October 1, while Blue Star has already increased AC and deep-freezer prices by 5-8%. Some manufacturers are also raising prices of TVs, washing machines and refrigerators by 2-4%, while Super Plastronics plans to hike TV prices by around 7% after October. — [Source](https://www.cnbctv18.com/india/ac-tv-washing-machine-prices-to-rise-how-buyers-can-save-this-festive-season-20002832.htm)
- 2026-10-01 — News18: **AC, TV, Fridge Price Hike From October 1: What May Get Costlier From Today, How Much You May Pay** — Leading appliance and consumer electronics companies are reportedly raising prices of air conditioners, LED TVs, washing machines and other products by around 5-8 per cent. — [Source](https://www.news18.com/business/markets/ac-tv-fridge-price-hike-from-october-1-what-may-get-costlier-from-today-how-much-you-may-pay-10361969.html)
- 2026-10-01 — Times of India: **TVs, washing machines, ACs and other consumer electronic prices may go up this October, but here's how buyers can save some money** — Air-conditioners, LED TVs, washing machines and other consumer appliances may become more expensive this October, with several companies planning price — [Source](https://timesofindia.indiatimes.com/technology/tech-news/tvs-washing-machines-acs-and-other-consumer-electronic-prices-may-go-up-this-october-but-heres-how-buyers-can-save-some-money/articleshow/134607139.cms)
- 2026-09-30 — CNBC-TV18: **Haier, Godrej, Blue Star failed to detect fake e-waste recycling claims, notice shows** — Indian tax authorities have accused Haier, Godrej & Boyce and Blue Star of relying on fabricated recycling documents and wrongly claiming tax credits worth about $714,000, raising concerns over how electronics companies verify e-waste compliance. — [Source](https://www.cnbctv18.com/business/haier-godrej-blue-star-failed-to-detect-fake-e-waste-recycling-claims-notice-shows-20002219.htm)
- 2026-09-30 — MONEYCONTROL: **Haier, Godrej, Blue Star failed to detect fake e-waste recycling claims, India notice shows** — Haier, Godrej, Blue Star, e-waste fraud, — [Source](https://www.moneycontrol.com/news/business/companies/haier-godrej-blue-star-failed-to-detect-fake-e-waste-recycling-claims-india-notice-shows-14041972.html)
- 2026-09-29 — BUSINESSTODAY: **Stock picks during correction: Coal India, Sona BLW, Blue Star form part of defensive watchlist, says analyst** — Coal India stock outlook, Coal India breakout level, Coal India share price analysis, Sona BLW stock outlook, Blue Star stock analysis, Nifty rollover trends, stocks showing strength in weak market, defensive stock picks India, Indian stock market volatility, technical analysis Coal India, range breakout stocks, best stocks to watch now, market correction India, selective buying in weak market, relative strength stocks India, Vaishali market view, Nifty market sentiment, Indian equities outlook, stock market trading strategy, Business Today market news — [Source](https://www.businesstoday.in/markets/stocks/story/stock-picks-during-correction-coal-india-sona-blw-blue-star-form-part-of-defensive-watchlist-says-analyst-558586-2026-09-29)
- 2026-09-29 — MONEYCONTROL: **Festive demand faces fresh test as large appliance makers raise prices on soaring costs** — Haier, price hike, LG, AC price hike, consumer appliances, Intex, — [Source](https://www.moneycontrol.com/news/business/festive-demand-faces-fresh-test-as-large-appliance-makers-raise-prices-on-soaring-costs-14040889.html)
- 2026-09-29 — Times of India: **TVs, washing machines, ACs and other consumer electronic prices to go up starting October 1; but how buyers may get chance to buy products at old prices this festive season** — Air-conditioners, LED TVs, washing machines and other consumer appliances are set to become more expensive from October 1 as several companies plan to — [Source](https://timesofindia.indiatimes.com/technology/tech-news/tvs-washing-machines-acs-and-other-consumer-electronic-prices-to-go-up-starting-october-1-but-how-buyers-may-get-chance-to-buy-products-at-old-prices-this-festive-season/articleshow/134531123.cms)
- 2026-09-28 — The Hindu: **CII TCM ‘Cost Congress 2026’ to Be Held on 26–27 October 2026 at the JW Marriott Hotel, Pune Under the Theme “India’s Decade: Building Global Competitiveness in an Era of Disruption”** — CII TCM 'Cost Congress 2026' to Be Held on 26–27 October 2026 at the JW Marriott Hotel, Pune Under the Theme "India's Decade: Building Global Competitiveness in an Era of Disruption" — [Source](https://www.thehindu.com/brandhub/pr-release/cii-tcm-cost-congress-2026-to-be-held-on-2627-october-2026-at-the-jw-marriott-hotel-pune-under-the-theme-indias-decade-building-global-competitiveness-in-an-era-of-disruption/article71519091.ece)
- 2026-09-28 — FREEPRESSJOURNAL.IN: **ACs, TVs & Washing Machines' Prices To Rise From October 1: All You Need To Know** — Air conditioners, LED TVs and washing machines are set to become costlier from October 1 as manufacturers announce fresh price hikes. Companies including Blue Star, Godrej Appliances, Haier and Daikin cited rising costs of metals, crude oil derivatives, freight and currency fluctuations. AC prices may rise 5-8%, while other appliances could see 3-4% increases. — [Source](https://www.freepressjournal.in/tech/acs-tvs-washing-machines-prices-to-rise-from-october-1-all-you-need-to-know)
- 2026-09-28 — Economic Times: **LG Electronics to hike AC prices by 5-7 per cent from Oct 1 ahead of festive season** — LG Electronics India has announced a price rise for air conditioners starting October 1. The increase will be between 5 to 7 percent ahead of the festive season. While other consumer electronics manufacturers have also raised prices, LG has not announced changes for its other products. Industry executives have indicated that rising material costs and inflation are affecting profit margins. — [Source](https://economictimes.indiatimes.com/industry/cons-products/durables/lg-electronics-hikes-ac-prices-by-5-7-per-cent-from-oct-1-ahead-of-festive-season/articleshow/134532589.cms)
- 2026-09-28 — BUSINESSTODAY: **AC price hike: Bosch Home Comfort, Blue Star, Voltas, LG Electronics shares climb; details here** — AC price hike, Bosch Home Comfort India, Blue Star, Voltas, LG Electronics India, IFB Industries, air conditioner prices, consumer durables, AC price hike October 1, appliance price hike, consumer electronics, stock market, appliance stocks, Blue Star shares, Voltas shares, LG Electronics shares, Bosch Home Comfort shares, IFB Industries shares, input costs, copper prices, steel prices, crude oil derivatives, West Asia crisis — [Source](https://www.businesstoday.in/markets/stocks/story/ac-price-hike-bosch-home-comfort-blue-star-voltas-lg-electronics-shares-climb-details-here-558149-2026-09-28)
- 2026-09-28 — BUSINESSTODAY: **Dixon Technologies, BPL, Onida, LG india, Whirlpool shares in focus today; here's why** — Dixon Technologies, BPL, Onida, LG India, Whirlpool shares, air conditioners, LED TVs, washing machines — [Source](https://www.businesstoday.in/markets/trending-stocks/story/dixon-technologies-bpl-onida-lg-india-whirlpool-shares-in-focus-today-heres-why-558124-2026-09-28)
- 2026-09-28 — Times of India: **Festive shopping to pinch as Iran war sets AC, TV prices on fire** — NEW DELHI: Festive shopping for a new fridge or air-conditioner is set to cost more, with consumer durable makers raising prices as higher component and — [Source](https://timesofindia.indiatimes.com/business/india-business/shipments-facing-port-delays-of-up-to-a-month/articleshow/134528881.cms)

## Business profile

**Strategic vision:** Indian company in the HVAC&R industry offering integrated solutions.

### Business segments
- **Electro-Mechanical Projects and HVAC Systems:** Provides temperature control solutions including central air conditioning, packaged systems, VRF technology, and complete electro-mechanical contracting.
- **Unitary Products:** Focuses on products for climate control and freshness preservation, including residential air conditioners, commercial refrigeration, air purifiers, and air coolers.
- **Professional Electronics and Industrial Systems:** Acts as an exclusive distributor in India for international manufacturers of professional electronic equipment, services, and industrial products.

### Competitive strengths
- Integrated business model encompassing manufacturing, EPC, and after-sales services.
- Extensive network of offices, channel partners, and stores across various countries.
- Over eight decades of industry presence and experience.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bluestarco
Markdown representation: https://faxioms.com/stocks/bluestarco?render=md