Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

Returns vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Thermax Ltd., incorporated in the year 1980, is a Mid Cap company (having a market cap of Rs 21234.84 Crore) operating in Engineering sector.

Buy Thermax, target price Rs 1900: Yes Securities

Thermax has recently concluded ₹830 crore order for a flue gas desulphurizsation project. We speak with Ashish Bhandari, the Managing Director and CEO of the company, joins in to tell us more about this move towards clean energy.

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Ashish Bhandari Discusses Thermax's Recent Flue Gas Desulphurisation Project | CNBC-TV18

“Thermax Limited has concluded an order of Rs 830 crore from an Indian power private sector company to set up flue gas desulphurisation (FGD) systems for their three units of 660 MW capacity each in the state of Uttar Pradesh,” a company statement said.

Thermax Bags Order Worth Rs 830 Crore To Set Up FGD Systems

FGD systems will be installed to cut down SOx emissions and comply with the air quality standards set for fossil fuel based power plants

Thermax bags order worth Rs 830 crore to set up FGD systems

The share touched a 52-week high of Rs 1,895 and a 52-week low of Rs 830.60 on 17 November, 2021 and 23 November, 2020, respectively.

Thermax Share Price Rises 5% On Order Win Worth Rs 830 Crore

Thermax rallied 3.40% to Rs 1,751 after the firm bagged an order of Rs 830 crore from an Indian power private sector company to set up flue gas desulphurisation (FGD) systems for their three units of 660 MW capacity each in Uttar Pradesh.

Thermax climbs on securing order worth Rs 830 cr

The FGD systems will be installed at their plant to cut down SOx emissions and comply with the air quality standards set for fossil fuel based power plants.

Thermax secures an order worth Rs 830 cr for setting up FGD systems

The FGD systems will be installed at their plant to cut down SOx emissions and comply with the air quality standards set for fossil fuel-based power plants.

Thermax secures Rs830cr order to set up Flue Gas Desulphurisation systems

Thermax Ltd has added 32.58% over last one month compared to 0.71% fall in S&P BSE Power index and 2.67% drop in the SENSEX

Thermax Ltd Spurts 2.77%

Here’s what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading today.

Trade Spotlight | What Should You Do With Motherson Sumi, Maruti Suzuki And Thermax Stocks?

Here’s what brokerages made of Thermax’s Q2 FY22 results:

Thermax Shares Hit A 52-Week High As Rally After Q2 Results Continues

Thermax Limited is engaged in the business of manufacture and sale of boilers, heating and cooling equipment, industrial chemicals, and water and waste management equipment.

Thermax Limited

Thermax Limited

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Thermax, target price Rs 1900: Yes Securities

News Video

Ashish Bhandari Discusses Thermax's Recent Flue Gas Desulphurisation Project | CNBC-TV18

Thermax Bags Order Worth Rs 830 Crore To Set Up FGD Systems

Thermax bags order worth Rs 830 crore to set up FGD systems

Thermax Share Price Rises 5% On Order Win Worth Rs 830 Crore

Thermax climbs on securing order worth Rs 830 cr

Thermax secures an order worth Rs 830 cr for setting up FGD systems

Thermax secures Rs830cr order to set up Flue Gas Desulphurisation systems

Thermax Limited

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Thermax, target price Rs 1900: Yes Securities

News Video

Ashish Bhandari Discusses Thermax's Recent Flue Gas Desulphurisation Project | CNBC-TV18

Thermax Bags Order Worth Rs 830 Crore To Set Up FGD Systems

Thermax bags order worth Rs 830 crore to set up FGD systems

Thermax Share Price Rises 5% On Order Win Worth Rs 830 Crore

Thermax climbs on securing order worth Rs 830 cr

Thermax secures an order worth Rs 830 cr for setting up FGD systems

Thermax secures Rs830cr order to set up Flue Gas Desulphurisation systems

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

Returns vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's return on equity is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock