Latest Stock Market News

As of 30-Jun-2022, promoters held 51.5 per cent stake in the company, while FIIs held 8.19 per cent and domestic institutional investors had 2.48 per cent.

Another brokerage firm, Edelweiss, has also maintained its buy rating on Nykaa but has trimmed its target price to Rs 1,743 from Rs 1,859 earlier, baking in a higher cost of capital and stiff competition as the key risks for the valuations.

The stock quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3733.25.

The company on Friday reported a multi-fold increase in consolidated net profit at Rs 363.19 crore for the quarter ended June 30. It had clocked a consolidated net profit of Rs 71.91 crore in the corresponding period of the previous fiscal, it said in a regulatory filing.

The company has announced an acquisition of a substantial interest in a rice processing facility located in Bareilly, Uttar Pradesh through a joint-venture agreement. The company holds a 66 per cent stake in the JV agreement.

A total of 1,471,143 shares changed hands on the counter till 01:09PM (IST)

Blue Star Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 9631.39 Crore) operating in Consumer Durables sector.

Long-term investors can consider buying the stock now or on dips for a possible target of over Rs 600-650 in the next 12 months which translates into an upside of over 13-22 per cent from Rs 530 recorded on 5 August, suggested experts.

The stock quoted a 52-week high price of Rs 3550.0 and a 52-week low of Rs 899.6.

As of 30-Jun-2022, promoters held 51.37 per cent stake in the company, while FIIs held 17.96 per cent and domestic institutional investors had 19.2 per cent.