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blue start stock target: Momentum Pick: Is Blue Star stock cooling heels for another leg of rally? - Vimarsana News

blue start stock target: Momentum Pick: Is Blue Star stock cooling heels for another leg of rally?

Shares of Blue Star have emerged from a consolidation on the weekly time frame that could likely open a further 11% upside in the stock. The indicators on technical charts exhibit a bullish trend which are supported by strong volumes, experts tell ETMarkets as they recommend investors to hold this stock and not panic on corrections.

IKIO Lighting IPO opens today: Analysts upbeat over growth prospect, fair valuation - Vimarsana News

IKIO Lighting IPO opens today: Analysts upbeat over growth prospect, fair valuation

Analysts point out that the company’s substantial portion of revenue comes from a single customer, Signify innovation India Limited, erstwhile Philips India – 70 percent revenue in 9MFY23, which is a concentration risk. Any slowdown in the business of Signify will spell an omen for IKIO.