Business Daily from THE HINDU group of publications
Wednesday, Jul 12, 2006


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stocks
Columns - Ear to the ground
Thermax betting on order book

The Thermax stock, which closed at Rs 254.20 on the BSE, has seen a quiet accumulation on hopes that it stands to gain from a decent order book and positive outlook of user industries such as steel, hydrocarbons and chemicals. It witnessed a trading volume of 30,275 shares against two-week average of, 28,000 shares.

Some analysts are known to have lately fine-tuned their consolidated earnings estimates for fiscal 2007 and fiscal 2008 at about Rs 13 per share and Rs 19 per share, respectively. Thermax is trading at a PE ratio of 13.3 fiscal 2008 estimated consolidated earnings.

The company's sustained margin expansions in key business segments are being perceived as a driver as well. Its compounded annual growth is expected to be sustained during the 2006-08 period.

Nilanjan Dey

More Stories on : Stock Markets | Stocks | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



PNB Philip Kotler

Stories in this Section
Farmers asked to transplant paddy seedlings


Train blasts rock Mumbai
`It felt like large stones were pelting down on the train roof'
Cellphones of no help in crisis situations
BPO growth may slow down, says Forrester
RNRL may end up paying more for gas from RIL
Cabinet committee to decide on sugar exports by mills
Markets may show resilience
e-waste: Greenpeace demands action from Wipro
GSLV launch wasn't insured
Bombay Stock Exchange tightens norms for listing of shares
Markets take a breather; Sensex ends on a weak note
Thermax betting on order book
Auto stocks up on Q1 hopes


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line