BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Religare maintains sell on Thermax
Thermax reported lower-than-expected earnings in Q1 on muted topline growth. Order inflows were tepid due to persistent weakness in private sector capex. We see downside risks to our order inflow estimates and earnings for FY17.