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Blue Star shares can gain 10%, says Motilal Oswal after initiating coverage with Neutral rating

Motilal Oswal initiated coverage on Blue Star with a Neutral rating, expecting up to 10% upside with a 1,950 target price. The brokerage highlighted Blue Stars steady market share gains in room air conditionersfrom 7% in FY14 to 14% in FY25and its aim for 15% by FY27.