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A broad consensus amongst US-based investors is that India’s capex cycle is on upswing, a recent report by Jefferies said

In Charts: What Jefferies, foreign investors say about power and energy stocks

Prabhudas Lilladher recommended hold rating on Thermax with a target price of Rs 2771 in its research report dated October 06, 2023.

Hold Thermax; target of Rs 2771: Prabhudas Lilladher

Thermax Consolidated September 2023 Net Sales at Rs 2,302.46 crore, up 10.95% Y-o-Y

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 3235 in its research report dated August 31, 2023.

Buy Thermax; target of Rs 3235: Sharekhan

Thermax announced that Dr. Mahesh Murthy, Executive Vice President and Chief Technology Officer has tendered his resignation from the Company with effect from the close of business hours of 31 August 2023 and accordingly shall also cease to be a member of Senior Management of the Company. 

Thermax announces resignation of Chief Technology Officer 

Prabhudas Lilladher recommended hold rating on Thermax with a target price of Rs 2613 in its research report dated August 23, 2023.

Hold Thermax; target of Rs 2613: Prabhudas Lilladher

Within financials, its top picks include ICICI Bank, Axis Bank, IndusInd Bank, Bajaj Finance, ICICI Prudential Life, Cholamandalam Finance and SBI Cards.

ICICI Bank, Bajaj Finance, TVS, L&amp;T among top picks by Jefferies; Here’s why

Jefferies analysts have raised FY24 earnings estimates for 46 percent of the 149 companies it tracks and downgraded 44 percent of the firms.

Q1 Results: More evidence of capex upcycle, says Jefferies

LKP Research is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2825 in its research report dated August 04, 2023.

Buy Thermax; target of Rs 2825: LKP Research

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2950 in its research report dated August 02, 2023.

Buy Thermax; target of Rs 2950: Sharekhan

Thermax Ltd. engages in the provision of engineering solutions to the energy and environment sectors. It operates through the following segments: Energy, Environment, and Chemical. The Energy segment comprises Process Heating, Absorption Cooling and Heating, Boiler and Heater and Power businesses and related services. The Environment segment consists of air pollution control and water and waste solutions. The Chemical segment comprises boiler and water chemicals, resins, performance chemicals, construction chemicals and oil field chemicals. The company was founded by A. S. Bhathena in 1966 and is headquartered in Pune, India.

Watchers	21
52-Wk Low	1,830.65
52-Wk High	3,230.00

Market Cap	327.83B
Volume (M)	246,563.00
52-Wk High	3,230.00
52-Wk Low	1,830.65

THERMAX.NSE Thermax Ltd.

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