Blue Star increased 5.59% to Rs 266.50 in afternoon trades after its net profit zoomed 205.75% in first quarter ended June 30, 2007.

The air-conditioning equipment manufacturer announced its quarterly results during market hours today, 25 July 2007.

The scrip of the market leader in central air-conditioning and commercial refrigeration reached a high of Rs 268.90, which is its record high, and a low of Rs 249 during the day.

It scrip has had its 52-week low of Rs 116 on 24 July 2006.

On BSE, there were 69,984 shares for trading on the BSE counter. In the last one quarter, the stock had an average daily volume of 22,676 shares on BSE.

At the existing value of Rs 266.50, the scrip trades at a PE multiple of 33.69, which is based on year ended March 2007 earning per share (EPS) of Rs 7.91.

The Blue Star scrip benefited 6.21% within one month to 24 July 2007 against the Sensex’s 9.02% return. It appended 14.70% in one quarter against the Sensex’s 11.09% increase.

Blue Star posted a net profit of Rs 22.32 crore in Q1 June 2007 over Q1 June 2006. The fresh results showed an increase of 205.75% in the recent quarter income. Sales climbed 48% to Rs 462.25 crore in Q1 June 2007 as against Q1 June 2006.

Blue Star's main products consist of finned condensers, Industrial packaged chillers, packaged air-conditioning, shell and tube condensers and coolers, air handling units and evaporators.