The expansion plans/investments in new areas to reduce dependence on traditional businesses continued. The company is seeing nascent signs of recovery. Should investors put the stock back on their radar?
The pre-goods and services tax (GST) slowdown impacted Thermax's performance in Q1 as expected as energy EBIT margins declined while profitability shrinks. In an interview to CNBC-TV18, MS Unnikrishnan, MD of Thermax spoke about the results and his outlook for the company.
Revenue may be hit due to weak order book position. Analysts expect gradual pick-up in the energy segment from Q1FY18 onwards.
According to a study, power plants in India generate up to 280 million tonnes of fly ash every year. Long inhalation of fly-ash causes various serious diseases like silicosis, fibrosis of lungs and cancer.
With this (transaction) Barite will become a step down subsidiary of Thermax, the company said in statement.
ICICI Bank | Yes Bank | Welspun Enterprises | Alkem Labs | Thermax | Sadbhav Engineering | Sadbhav Infrastructure | Berger Paints | Hitech Plast | Excel Industries | Ujaas Energy | Balaji Telefilms | Deepak Nitrite are stocks, which are in the news today.
The railway products segment of the company has received order for under frame and modular toilet from integral coach factory and order for CRF sections from BEML.
"Pennar Industries Ltd...have announced major receipt of orders worth Rs 202 crore across its business units," the company said in a filing to BSE.
Axis Direct is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 1010 in its research report dated February 15, 2017.
The stock market has digested most of the news post demonetisation and emerged relatively unscathed, says S Krishna Kumar, CIO Equity at Sundaram Mutual Fund.
Motilal Oswal is bearish on Thermax has recommended sell rating on the stock with a target price of Rs 781 in its research report dated February 09, 2017.
HDFC Securities is bearish on Thermax has recommended sell rating on the stock with a target price of Rs 770 in its research report dated February 09, 2017.
ICICI Direct recommended hold rating on Thermax with a target price of Rs 800 in its research report dated February 10, 2017.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- ABB, IGL, Ratnamani Metals, Max Ventures, Aptech, Educomp, NIIT, Career Point, Navneet Education, Coffee Day, Speciality Restaurants, Thermax, Bharat Forge and Canara Bank.
Thermax expects 3-4 segments to open up in Q4 and Q1 of FY18 supporting medium and large projects, which had gone dry in this financial year.
Hero Motocorp | Lupin | Cipla | Bank of India | eClerx Services | Ratnamani Metals | Healthcare Global | Reliance Power | Union Bank | Thermax | Indraprastha Gas | Adani Transmission | Kotak Mahindra Bank | Axis Bank and Idea Cellular are stocks, which are in the news today.
Energy and environment solutions provider Thermax today reported a flat net profit at Rs 54.77 crore in the third quarter ended December 31, mainly on the back of decline in revenues.
On January 25, 2017 Amansa Holdings Private Limited sold 12,60,777 shares of Thermax.
Net Sales are expected to increase by 8.2 percent Q-o-Q (down 9.3 percent Y-o-Y) to Rs 941.9 crore, according to ICICI Securities.
Have bought 4 lakh shares of L&T Finance Holdings at an average price of Rs 80 per share, over a period of time, said Harsh Mariwala, Chairman, Marico.
SBI | Mahindra & Mahindra | Sun Pharma | Tata Motors | Mahindra Lifespaces | PVR | ONGC | Jain Irrigation | Gujarat Alkalies | Ashapura Minechem | Gujarat Narmada | Wockhardt | TeamLease | Andrew Yule | Finolex Cables | Shreyas Shipping and Thermax are stocks, which are in the news today.
Engineering solutions provider Thermax Ltd today posted a 32 per cent rise in consolidated net profit at Rs 78.5 crore for the quarter ended September 30, 2016.