look news india
Thermax share price: The shares of thermax have seen a huge rise of 10 per cent today. Kotak Institutional Equities have advised to buy this stock, increasing its target price to Rs 3800. Brokerage also says that the EPS of this stock is expected to increase by 20 per cent annually between FY 2025-28. During this period, the margin is also estimated to increase by 2.5 percent.
Kotak’s report on thermax further stated that the company’s EPS is expected to increase more than 20 percent annually during FY 2025-28. At the same time, during this time the company’s margin is expected to increase by 2.5 percent. In addition, a good increase in the company’s industrial product and chemical sector is also possible. A good growth can also be seen in TBWES (Thermax Babcock and Wilcox Energy Solutions) and Biomass.
The new launch in the industrial product sector will benefit the company. There are major opportunities for the company in the green hydrogen and biomass-to-fuel region. The work of converting urban waste into biofuel can also be strengthened.
