Blue Star share rises amid launch of new products with virus deactivation technology

Blue Star Limited on Wednesday announced the launch of a wide range of new products & solutions with virus deactivation technology (VDT). Post this development, the stock of Blue Star witnessed a jump of more than 4 per cent today.  

Blue Star’s new range of products and solutions with virus deactivation technologies (VDT) has the capability to deactivate viruses including COVID-19 (SARS-CoV-2) with up to 99.9 per cent efficacy when air passes through these systems.

Blue Star is India's one of the leading air conditioning and commercial refrigeration company, with annual revenue of over Rs 5,405 crore. The company caters to the cooling requirements of corporate, commercial as well as residential customers.

Recently, the company had won an order valued at Rs 149 crore for five underground stations of Mumbai Metro Line III for the purpose of carrying out electrical & mechanical work.

Meanwhile, the stock has given a return of 29.93 per cent in the last 3 months.

At 12.27 pm today, the share of Blue Star was trading at Rs 646.00 on BSE, up by 4.19 per cent. According to BSE data, the stock has a price-to-book ratio of 7.04.