Buy Thermax at current levels, says Sudip Bandyopadhyay, MD & CEO, Destimoney Securities.
Bandyopadhyay told CNBC-TV18, " Crompton Greaves last 3 quarters the market has been disappointed by the numbers and this has been a consistent phenomenon. Market was expecting some numbers. The company has come out with a set of numbers which are significantly below the market expectations. But somewhere I think the feel is gathering amongst the market watchers are that the worst is behind Crompton Greaves and that's the reason probably why we are seeing some kind of a rally finally in Crompton Greaves."
He further added, "If I have to take a pick between Crompton Greaves and Thermax I will like to buy Thermax at these levels. The result for this quarter of Thermax may not be anything great but I think fundamentally it's a company which has been managed much better and the numbers and the performance very clearly shows that. So Thermax will be my choice."
