thermax (Emkay) Going strong; Maintain BUY

Sustained momentum - Revenues up 45%, Net profits up 27% yoy; Energy drives growth - Robust revenue growth at 58%; Environment takes a breather - Revenue growth at 10% yoy; Order inflows at Rs12.5 bn - Positive surprise
Date Rating Target Price Recommendation Price Broker house
4 May 2011 buy 735 613 Emkay Report

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