Thermax can add Rs 100: Tulsian

Thermax can add Rs 100, says Investment Advisor, SP Tulsian.

Tulsian told CNBC-TV18, "Thermax numbers were quite good. It was the only concern that the MD of the company has said that they will not be able to see that margin maintaining. In fact whenever you take a call on Thermax guidance you compare that with Infosys. Whenever you see in the last couple of years they have always been giving a cautious call on their expected earning or expected performance."
He further added, "I am quite bullish. I am quite positive on the stock that going forward they should be able to maintain their margins. They have a good order positions with them of about maybe 15 to 18 months time and they regularly keep getting those orders at a frequent intervals. I am quite positive at the levels of Rs 600. It holds potential to give an appreciation to about Rs 70 to Rs 100 in next three months time."