Current price is more than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE 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

BHEL (Hyderabad and Trichy), Thermax, and IIT Delhi are working on the project, the Union minister said while inaugurating the demo run of an Inland Water Vessel powered by Methanol blended Diesel (MD15) on the Brahmaputra here.

Work on to have Coal-to-Methanol plants in India: Union Minister Hardeep Singh Puri

Board of Thermax Cooling Solutions approves merger with Thermax Instrumentation

Thermax Ltd has lost 8.12% over last one month compared to 6.99% gain in S&P BSE Capital Goods index and 1.08% rise in the SENSEX

Thermax Ltd Spurts 1.91%

IRCTC, SBI, Poonawalla Fincorp, JB Pharma, Glenmark Pharma, AstraZeneca, VRL Logistics, Power Grid, PTC India, Thermax, Wipro, Tata Motors, Biocon, IDBI Bank, ZEE, NTPC, Kamat Hotels, Indian Metals & Ferro Alloys, Shriram Properties

Stocks that will see action on December 15, 2022

Growth Tapers Off, Capex Cycle At Risk?: BQ Conversations BQ Conversations: Is Indian capex cycle at risk as growth tapers off?In conversation with Thermax’s MD & CEO Ashish Bhandari.

Capex Cycle At Risk? Thermax’s CEO Weighs In | BQ Conversation

Order inflow continues to be strong as seen from the 97% / 22% YoY growth in FY22 / H1 FY23.

Thermax - Order Pipeline Moderates, But Remains Stable: ICICI Securities

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

Accumulate Thermax; target of Rs 2556: Prabhudas Lilladher

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.

Buy Thermax; target of Rs 2790: Sharekhan

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

Hold Thermax; target of Rs 2540: ICICI Direct

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

Reduce Thermax; target of Rs 1911: Geojit

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

ROE 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 long term average ROE 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

Work on to have Coal-to-Methanol plants in India: Union Minister Hardeep Singh Puri

Board of Thermax Cooling Solutions approves merger with Thermax Instrumentation

Thermax Ltd Spurts 1.91%

Stocks that will see action on December 15, 2022

Capex Cycle At Risk? Thermax’s CEO Weighs In | BQ Conversation

Thermax - Order Pipeline Moderates, But Remains Stable: ICICI Securities

Accumulate Thermax; target of Rs 2556: Prabhudas Lilladher

Buy Thermax; target of Rs 2790: Sharekhan

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

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE 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

Work on to have Coal-to-Methanol plants in India: Union Minister Hardeep Singh Puri

Board of Thermax Cooling Solutions approves merger with Thermax Instrumentation

Thermax Ltd Spurts 1.91%

Stocks that will see action on December 15, 2022

Capex Cycle At Risk? Thermax’s CEO Weighs In | BQ Conversation

Thermax - Order Pipeline Moderates, But Remains Stable: ICICI Securities

Accumulate Thermax; target of Rs 2556: Prabhudas Lilladher

Buy Thermax; target of Rs 2790: Sharekhan

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

ROE 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 long term average ROE 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