BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Prabhudas Lilladher maintains accumulate on Thermax
has the ability to bag base orders of around Rs7-8bn per quarter.
Increasing market share, strong product profile, increasing traction in
export market and strong management pedigree gives us confidence that
the company will be able to participate in the upturn of the cycle
meaningfully and continue to surprise positively in terms of order flow.
We continue to recommend 'Accumulate' at lower levels from a