Thermax may slip to Rs 560, says SP Tulsian

Thermax may slip to Rs 560, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, “If you see the performance when you compare the results of Thermax with the other capital goods makers maybe like ABB, Siemens because you cannot compare the performance of the Thermax with L&T or maybe BHEL but the similar companies in the same space.”
He further added, “I do not think the Thermax is going to disappoint but it will not be too exciting because the company has been maintaining the flat kind of numbers for the last three-four quarters that has been the trend and I think the same trend is going to get repeated by them and infact the stock has run up in these last fifteen days so maybe some profit booking is not ruled out which may bring down the share price back to about Rs 560 or so.”