Buy Thermax at Rs 431, says Madhumita Ghosh

Buy Thermax at Rs 431, says Madhumita Ghosh of UNICON.

Ghosh told CNBC-TV18, "Thermax is basically in the pollution control, the water solutions and boilers segment which has around market share of 30-50% in these segments. So we start seeing in the technical chart that it has started showing uptrend. The MACD and the RSI is supportive of it and we can buy the stock at Rs 431 levels that it should move up to around Rs 445 levels with a stop loss of Rs 422."