Blue Star to host analyst meet on June 29 in Mumbai

Blue Star Limited will host a meeting with analysts and institutional investors on June 29, 2026, to discuss its business performance and outlook. The interaction is scheduled to take place in person at Blue Star Limited, Band Box house, Mumbai, from 10:00 am to 11:00 am IST.

The meeting is being conducted pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the schedule is subject to changes.

Meeting Details

Date and Time	Participants	Type of Interaction	Venue
June 29, 2026 10:00 am to 11:00 am	Meeting with Group of Analysts/ Institutional Investors	Group Meeting – In person	Blue Star Limited, Band Box house, Mumbai

Rajesh Digambar Parte, Company Secretary & Compliance Officer, signed the intimation on behalf of Blue Star Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.94%	-3.44%	-1.21%	-7.89%	+0.38%	+301.74%

Jefferies has reiterated its Hold rating on Blue Star with a target price of ₹1,735, pointing to encouraging near-term demand signals in the room air conditioner segment alongside a substantial long-term opportunity in the data center infrastructure space.

RAC Industry Momentum

The brokerage noted strong performance in the residential air conditioning segment, with RAC industry growth clocking in at 25–30% YoY during April–May. This robust seasonal demand reflects healthy consumer uptake and positions the sector favorably for the ongoing cooling season.

Metric:	Details
RAC Industry Growth (Apr–May):	25–30% YoY
Brokerage Rating:	Hold
Target Price:	₹1,735

Data Center Infrastructure Opportunity

Beyond near-term RAC dynamics, Jefferies highlighted a significant structural opportunity in the data center mechanical, electrical, and plumbing (DC-MEP) segment. DC-MEP revenue is expected to triple from ₹10bn to approximately ₹30bn over the next 3–4 years, driven by rapid expansion in India's data center capacity.

Parameter:	Details
Current DC-MEP Revenue:	₹10bn
Expected DC-MEP Revenue:	~₹30bn
Timeline:	Next 3–4 years
India DC Capacity Expansion:	~5x by 2030

India's data center capacity is anticipated to grow approximately 5x by 2030, creating a substantial addressable market for companies with established MEP capabilities. This long-term tailwind adds a meaningful growth dimension to Blue Star's project-based business beyond its core cooling products.

Analyst Stance

Despite the positive demand environment in RAC and the compelling data center growth narrative, Jefferies has chosen to maintain a Hold stance on the stock with a target price of ₹1,735. The rating reflects a balanced view of the near-term growth drivers against current valuation levels, as assessed by the brokerage.