Thermax Ltd
THERMAX

900.30

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

909.80

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Sell
Reco. Price
Rs 913.00
We recommend sell on the stock on account of lack of revenue visibility. This is due to sluggish industrial activity and slowdown in order inflows. Further weakening order book is a key concern. The stock is trading at a PE of 36x in FY17E. (Target Price- Rs 812)
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50 DMA (.)
853.61
100 DMA (.)
835.57
200 DMA (.)
846.55
Weekly Range (.)
895.00
925.95
Monthly Range (.)
847.05
931.95
52 Weeks Range (.)
690.00
949.00
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