Moneycontrol PRO
Live Now: “Tech First Small Businesses Showing the Way Forward”, a conversation among entrepreneurs who are building digital-first businesses. Click Here!

Buy Thermax; target of Rs 2405: ICICI Direct

ICICI Direct is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2405 in its research report dated August 03, 2022.

August 06, 2022 / 10:00 AM IST
Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share.

Rama Steel Tubes: Nomura Singapore buys 1 lakh shares in Rama Steel Tubes. Nomura Singapore bought 1 lakh equity shares in the company via open market transactions on June 15. These shares were acquired at an average price of Rs 371 per share.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Thermax


Thermax Ltd (Thermax) offers integrated solutions in the areas of energy and environment – heating, cooling, power, water & waste management, air pollution control and chemicals. It operates in three key segments energy (~70.7% of FY22 revenue), environment segment (~20.6%) and chemicals segment (~8.7%) • Focus to increase product & services share (~50% in FY22) vs. projects.



Outlook


We remain long term positive and retain our BUY rating on the stock. We value Thermax at Rs 2405 i.e. 45x on FY24E EPS.

Close

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Thermax - 040822 - ic

Broker Research
first published: Aug 6, 2022 10:00 am
Sections
ISO 27001 - BSI Assurance Mark