Blue Star shares are ‘fairly valued’, says Motilal Oswal, but projects 25% bull case upside

Motilal Oswal projects projects Blue Star’s revenue to grow at a Compounded Annual Growth Rate (CAGR) of 15% over financial year 2026-2028, led by its healthy order book and a segment margin of 8.6% and 8.9% in FY27 and FY28, respectively.

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