Blue Star shares hit fresh 52-week high on fundraising plan
The home appliances company proposes to raise ₹1,000 crore via qualified institutional placement (QIP) of shares at floor price of ₹784.55 apiece.
The home appliances company proposes to raise ₹1,000 crore via qualified institutional placement (QIP) of shares at floor price of ₹784.55 apiece.
Investors expect that rising mercury levels will led to early demand for air conditioner products.
The Sensex and Nifty are poised to rise, tracking positive cues from global peers and strong trends on SGX Nifty futures.
The air-conditioning company is focussing on winning mechanical, electrical, and plumbing deals in big projects. All this as the next generation prepares to take over the reins.