THERMAX LIMITED

Analyst Reco. Thermax Limited

Equities

THERMAX

INE152A01029

Industrial Machinery & Equipment

Market Closed - NSE India S.E. Other stock markets 05:46:09 12/01/2026 pm IST			5-day change	1st Jan Change
2,949.40 ^INR	-2.45%		-3.95%	-2.42%

06/01	IIFL Downgrades Thermax to Reduce from Add; Price Target is INR2,644	MT
12/12	Kotak Securities Upgrades Thermax to Buy From Add; Price Target is INR3,575	MT

Analyst Reco.

06/01	IIFL Downgrades Thermax to Reduce from Add; Price Target is INR2,644	MT
12/12	Kotak Securities Upgrades Thermax to Buy From Add; Price Target is INR3,575	MT
13/11	Jefferies Adjusts Thermax's Price Target to INR3,880 From INR4,500, Keeps at Buy	MT
04/25/04	Jefferies Adjusts Thermax's Price Target to INR4,500 From INR4,465, Keeps at Buy	MT
13/25/13	Jefferies Adjusts Thermax's Price Target to INR4,465 from INR4,835, Keeps at Buy	MT
10/25/10	Jefferies Adjusts Thermax's Price Target to INR4,835 From INR6,100, Keeps at Buy	MT
18/24/18	Jefferies Adjusts Thermax's Price Target to INR6,100 From INR6,075, Keeps at Buy	MT
05/24/05	Jefferies Adjusts Thermax's Price Target to INR6,075 From INR5,480, Keeps at Buy	MT
14/24/14	Jefferies Adjusts Thermax’s Price Target to INR5,480 From INR4,445, Keeps at Buy	MT
13/24/13	Jefferies Adjusts Thermax's Price Target to INR4,000 From INR4,130, Keeps at Buy	MT
07/23/07	Jefferies Adjusts Thermax’s Price Target to INR3,800 From INR3,085, Keeps at Buy	MT
03/23/03	Cummins India posts 79% jump in Q1 profit on strong engine sales	RE
03/23/03	Jefferies Adjusts Thermax’s Price Target to INR3,085 From INR2,700, Keeps at Buy	MT
19/23/19	Jefferies Adjusts Thermax’s Price Target to INR2,700 From INR2,520, Keeps at Buy	MT
15/22/15	Jefferies Adjusts Thermax's Price Target to 2,880 Indian Rupees From 2,615 Rupees, Keeps at Buy	MT
20/22/20	Thermax Limited Recommends Dividend for the Financial Year 2021-22	CI
22/13/22	Thermax Ltd. Recommends Dividend for the Financial Year 2012-13	CI

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