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'Buy' Blue Star Shares Maintains Dolat Capital, Sees 19% Upside — Here's Why
The medium to long term outlook of the AC industry is promising, hence Dolat Capital retains 'Buy' on Blue Star shares.
09 Jun 2025, 05:00 PM IST 
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Due to unseasonal rains, the room AC industry declined sharply by 15-20% in April 2025, however, Blue Star managed to grow by 5%.
(Photo source: Freepik)
Blue Star expects to recover the lost ground in Q3 FY26 during the festive season, and ahead of BEE star label change in January 2026. Due to near term moderation in RAC demand, Dolat Capital has reduced its FY26E/27E EPS estimates by 2/2% to Rs 34/42 resp.
