High ROE and High ROCE multibagger stock; Board likely to announce bonus shares!
The company has maintained a healthy dividend payout of 54.30 per cent.
Blue Star Ltd (BSE Script Code: 500067; NSE Script Code: BLUESTARCO) informed that the Board of Directors of the company will hold a meeting on Thursday, May 04, 2023, inter alia: To consider the proposal for the issuance of bonus shares to the shareholders of the company.
On Wednesday, shares of Blue Star Ltd zoomed 0.41 per cent to an intraday day high of Rs 1,474.15 per share. At 11:30 am, shares of the company were trading lower, down 1.92 per cent to Rs 1,439.90 per share.
Blue Star Ltd manufactures air purifiers, air coolers, water purifiers, cold storage and speciality products. The company offers turnkey solutions in MEP projects. The shares of the company saw a spurt in volume by more than 1.01 times on BSE on May 02, 2023.
According to the financials, this S&P BSE 500 company has a market cap of Rs 13,850 crore. The company reported positive numbers in its Quarterly Results and annual results. The company has maintained a healthy dividend payout of 54.30 per cent.
The stock has an ROE of 21 per cent and a ROCE of 22 per cent. The stock gave multibagger returns of over 190 per cent in just 3 years.
The stock has a 52-week high of Rs 1,550 and a 52-week low of Rs 860. Investors should keep an eye on this Mid-Cap company stock under their watchlist.