BLUE STAR INFOTECH LTD - RESULT UPDATE

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Disclosures : 

SEBI Research Analysts Registration Status of the Author : Not Registered 

Status of shares of Bluestar Infotech : Holding 

1)      Whether the research analyst or research entity or his associate or his relative has any financial interest in the subject company - NO

2)     whether the research analyst or research entity or its associates or relatives, have actual/beneficial ownership of one per cent. or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance -NO

3)      ) whether the research analyst or research entity or his associate or his relative, has any other material conflict of interest at the time of publication of the research report or at the time of public appearance-NO

4)      whether RA  or its associates have received any compensation from the subject company in the past twelve months -NO

5)      Whether it or its associates have managed or co-managed public offering of securities for the subject company in the past twelve months - NO

6)       whether it or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months- NO

7)       whether it or its associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months -NO

8)      Whether it or its associates have received any compensation or other benefits from the subject company or third party in connection with the research report.-NO

9)       Whether it or its associates have received any compensation from the subject company in the past twelve months-NO

10)    whether the subject company is or was a client during twelve months preceding the date of distribution of the research report and the types of services provided -NO

11)    Whether the research analyst has served as an officer, director or employee of the subject company-NO

12)   whether the research analyst or research entity has been engaged in market making activity for the subject company- NO

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BLUE STAR INFOTECH LTD - is one  stock suggested around Rs.72 which hits its 52 week high today @ Rs.258. For the quarter ended June , on a consolidated basis ,company reported a top line of Rs.74 Cr v/s Rs.64 Cr  and a net profit of Rs.7.26 Cr v/s Rs.3.10 Cr. Quarterly EPS is Rs.6.50 v/s Rs.2.54 compared with same period of last year..Company also decided to purchase the remaining 51 % stake in  Blue Star Infotech Business Intelligence and Analytics Pvt Ltd ( Read it HERE).

 In case of many small/mid size IT companies , promoter quality is a major concern . But I believe , in the case of Blue star Infotech that risk is minimum 

Link to a recent interview of MD. HERE 

Link to Latest Result HERE 

Old posting HERE