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Accumulate Thermax; target of Rs 1143: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Thermax Thermax Ltd (TMX) reported steady set of numbers wherein revenue de-grew by 2% YoY led by growth in the Chemical segment which grew

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Accumulate Thermax; target of Rs 1143: Prabhudas Lilladher

Prabhudas Lilladher’s research report on Thermax Thermax Ltd (TMX) reported strong revenue growth of 12.5% YoY, however PAT was significantly lower due to one-time DTA tax reversal of Rs700

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Hold Thermax target of Rs 1195: Sharekhan

Sharekhan’s research report on Thermax In Q2FY20, Thermax achieved steady execution and operating margins improved. A higher effective tax rate due to write-down of deferred tax assets and lower

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Hold Thermax; target of Rs 1215: ICICI Direct

ICICI Direct’s research report on Thermax Thermax reported standalone revenues of Rs 1406 crore registering decent growth of 18.3% YoY (on a proforma basis, including B&H business). Consolidated revenues

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