BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Citi maintains sell on Thermax
Citi has maintained "sell" rating on Thermax for a target price of Rs 709. Order backlog decline is a concern for the company. Orders can improve in the coming quarters. Earnings expected to be revised downwards.