The company along with its group firms had received demand notices from the excise department during earlier years for Rs 1,381.55 crore (including penalty but excluding interest), it stated.

Thermax, incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 24463.98 Crore) operating in Engineering sector.

Prabhudas Lilladher recommended accumulate rating on Thermax with a target price of Rs 2556 in its research report dated November 14, 2022.

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2790 in its research report dated November 14, 2022.

ICICI Direct recommended hold rating on Thermax with a target price of Rs 2540 in its research report dated November 14, 2022.

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2790 in its research report dated November 14, 2022.

Geojit recommended Reduce rating on Thermax with a target price of Rs 1911 in its research report dated November 18, 2022.

Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 26875.70 Crore) operating in Engineering sector.

Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 25952.84 Crore) operating in Engineering sector.

Net Sales are expected to increase by 19.7 percent Y-o-Y (up 6.3 percent Q-o-Q) to Rs. 1,759 crore, according to Yes Securities.

The stock bounced back after hitting a low of Rs 1,306 on 25 October 2021. The stock hit a 52-week high of Rs 2,678 earlier this month which translates into an upside of over 95 per cent.

Sumitomo Chemical India share price climbed more than 6 percent to end at record closing high of Rs 524 and formed strong bullish candlestick pattern on the daily charts, engulfing previous six days' negative candle, with above average volumes. It has seen a breakout of long upward sloping resistance trend line adjoining July 15, 2021 and July 12, 2022.

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2940 in its research report dated September 09, 2022.

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Geojit is bullish on Thermax has recommended reduce rating on the stock with a target price of Rs 2178 in its research report dated September 01, 2022.

Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 28662.45 Crore) operating in Engineering sector.

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.

Prabhudas Lilladher recommended accumulate rating on Thermax with a target price of Rs 2190 in its research report dated August 03, 2022.

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2400 in its research report dated August 03, 2022.

The company's total income rose to Rs 1,675.02 crore in the first quarter of the current fiscal. It was at Rs 1,077.75 crore in the same period last year.The expenses stood at Rs 1,593.57 crore during the quarter under review compared to Rs 1,021.49 crore in the preceding fiscal.

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“Maybe the market will fall another 4-5%. If it falls then we could start nibbling because we do not know where the exact bottom will be, what we need to start buying when we think the downside potential is lesser than the upside potential. That could come closer to the 15,000 level of the Nifty.”

“If the Nasdaq falls further,then it will be too hard to move against the sentiment factor against IT in India. It is more of a global factor rather than just a local factor at the moment. We cannot take away the fact that the tailwinds were very strong for IT.”

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2400 in its research report dated May 23, 2022.

Prabhudas Lilladher recommended accumulate rating on Thermax with a target price of Rs 2181 in its research report dated May 23, 2022.

ICICI Direct is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2450 in its research report dated May 23, 2022.

The outcome of US Fed policy will be decisive for global markets, while corporate earnings will lead to stock-specific movements in the Indian market

“It is more of an opportunity market. Overall, I do not think that the markets will do much this year. I do not see much returns from people who are hugging the index but specific opportunities will keep on coming and that is what we have to keep on buying.”

"We are getting into a phase of correction and possibly we could now be looking at a new range on the index. On the downside, 17250 may act as a support and 17,800 could act as a major resistance."

Thermax has been moving in a rational uptrend with higher highs and higher lows formation. Recently the stock took support at its 20 Day SMA (Rs 2,009) and broke out of a 3 months consolidation backed with good volumes.

Thermax is in a strong uptrend, where it is respecting its 50 and 20-DMA after a minor pullback, and is now ready to move above the previous swing high of Rs 2,175, which may lead to fresh bullish momentum towards Rs 2,300