|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,015.10 - 1,049.95|
|52-week range||835.05 - 1,375.00|
|PE ratio (TTM)||49.80|
|Forward dividend & yield||6.00 (0.58%)|
|1y target est||1,059.56|
ICICI Direct is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 1359 in its research report dated May 21, 2018.
Prabhudas Lilladher recommended accumulate rating on Thermax with a target price of Rs 1247 in its research report dated May 22, 2018.
While the management alluded to much better visibility in coming years, valuation at 31 times FY20e earnings limits near-term upside.
The project is for a GTG (Gas Turbine Generator) - cum - HRSG (Heat Recovery Steam Generator) based cogen plant of 50MW capacity on an EPC basis.