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MCX GOLD DEC 05
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SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
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MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Closing Bell: Sensex ends 244 points lower, Nifty below 14,300 dragged by IT stocks; broader markets outperform

Asian shares at highest since early March, weak dollar boosts commodities

Oil holds near one-month highs as demand forecasts raised

Rupee rises 23 paise to 74.64 against US dollar in early trade

Blue Star expects growth of over 20% in Q4FY21, may hike prices again in April

Updated : March 09, 2021 12:48 PM IST

The Indian Meteorological Department (IMD) has indicated that most parts of the country should brace for a hotter than usual summer this year. B Thiagarajan, MD, Blue Star told CNBC-TV 18 that he expects teh firm to grow over 20 percent in fourth quarter of FY21.

"In the summer season, I think it should be around 25 percent,” he added.

Thiagarajan noted that the demand recovery is primarily due to the fact that people are spending more time at home.

The company also increased its price in January by 3-5 percent and expects another 3 percent hike in April.

In terms of room air-conditioner (AC) market share, he said, “Our market share was 12.75 percent last year and as of now we are at 13 percent. We gained marginally during this period. Our goal is to reach the market share of 15 percent by FY23.”

For full interview, watch the video...

Published : March 09, 2021 12:47 PM IST

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