Stay invested in Thermax: Thunuguntla

Investors can stay invested in Thermax, says Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities.

Thunuguntla told CNBC-TV18, "It is appearing to be difficult in the short term because already capital goods whatever rally that has to happen from the bottom that has already happened. But if you see the overall capital goods result this time it has been a mixed bag. There are 2-3 very big disappointment and 2-3 positive surprises. It is a mixed bag, it is not as worse as it appeared in December. If investor has patience then stay invested in Thermax but in the short term I don