Blue Star Ltd. Stock Sees Dip, But Experts Give 'Buy' Call for Potential Growth

Blue Star Ltd., a leading player in the air conditioning industry, has recently seen a dip in its stock price. On October 22, 2024, the company's stock lost -3.31%, underperforming the sector by -2.34%. However, despite this recent decline, experts at MarketsMOJO have given a 'Buy' call for Blue Star Ltd. Taking a closer look at the stock's performance, it has been on a downward trend for the past two days, with a fall of -3.25% during this period. On the same day, the stock also touched an intraday low of Rs 1952.05, a decrease of -3.3%. However, it is worth noting that Blue Star Ltd.'s moving averages are still higher than the 50-day, 100-day, and 200-day moving averages, although lower than the 5-day and 20-day moving averages. In comparison to the overall market performance, Blue Star Ltd. has underperformed the Sensex by -0.49% in the past day and has shown a 1.17% increase in the past month, while the Sensex has seen a decline of -4.49%. This indicates that despite the recent dip in stock price, Blue Star Ltd. has been performing relatively well in the market. As a largecap company in the air conditioning industry, Blue Star Ltd. has a strong presence and a solid track record. With a 'Buy' call from MarketsMOJO, investors can have confidence in the company's potential for growth and success in the market.