BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Motilal Oswal maintains sell on Thermax
Motilal Oswal maintain "sell" with a revised target if Rs850 (25x FY19E EPS of INR34, based on last 10-year average P/E multiple), given the weak business outlook and rich valuations. Key risk to our rating is a sharper-than-expected pick-up in industrial and power segments.