Blue Star – A Better Bet In Short To Medium Term: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Given that the industry has seen a sharp increase in room air conditioner capacities in recent years and the penetration of RAC hasn’t increased proportionally, we believe that the industry currently has over capacities and full absorption of the same is expected to materialise only FY27 onwards. We maintain 'Buy' on Blue Star Ltd. with a revised SOTP-based target price of Rs 1,100 (39 times blended price-to-earning on FY26E earnings per share). We like the company’s strategy of chasing profitability and free cash flow (not market share), maintaining its leadership position in the commercial air conditioner business and its high quality order book.We maintain 'Accumulate' on Voltas with a revised SOTP-based target price of Rs 985 (40 times blended PE on FY26E EPS). While we remain positive about the unitary cooling product business in the medium-to-long term, continued losses in EMPS plus not so encouraging feedback for Volt Beko products pose risk in the near term and could continue to suppress overall margins. We currently have a ‘wait and watch’ stance on Voltas Ltd. and any price correction to ~Rs 850-875 is a favorable entry point, offering a good risk-reward ratio..Click on the attachment to read the full report:.CSB Bank - Core Focus Towards Creating A Well-Diversified Universal Bank: Nirmal Bang .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Blue Star – A Better Bet In Short To Medium Term: Nirmal Bang

Margin pressure likely for Voltas due to new plant commissioning

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Blue Star – A Better Bet In Short To Medium Term: Nirmal Bang

Margin pressure likely for Voltas due to new plant commissioning

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