Blue Star share price: Jefferies says BUY, Check target price
Jefferies says that Blue Star Management mentioned that by end May-early June most markets should reopen. Punjab and Haryana have issued a notification that air coolers are a part of essential goods in the lockdown and retail associations are putting pressure for incremental products also. Launch of mass premium AC products is targeted for North India and Tier II-V cities
Operating leverage and costs could limit price hikes eventually needed to meet target margins. Jefferies FY22E-23E segment margin assumption is 8.5%. Every 50 bps margin change is 4% impact on EPS: Reuters