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Blue Star gains after Kotak AMC hikes stake

22 Nov 2022 , 02:00 PM

Kotak Mahindra Mutual Fund (Kotak AMC) bought additional 63,179 equity shares of Blue Star through its mutual fund schemes via open market transactions on 17 November 2022. With this, Kotak AMC increased its stake in the company to 5.045%, from 4.979% earlier. Blue Star is an air-conditioning and commercial refrigeration company. Its consolidated net profit rose 35.68% to Rs 42.55 crore on 27.14% increase in net sales to Rs 1576.24 crore in Q2 September 2022 over Q2 September 2021. Powered by Capital Market – Live News

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