Company updateCNBC-TV18
Thermax shares extend losses; JPMorgan upgrades
Negative-3
GreyOak summary
Thermax shares fell 2% on Monday despite JPMorgan upgrading the stock to 'Overweight'. The company reported a 4.2% decline in net profit to ₹115 crore for Q2FY27, missing analyst estimates due to higher input costs. While revenue grew 11.4%, JPMorgan cites attractive risk-reward as margins stabilize and order backlogs increase.
What it affects
- ThermaxTHERMAXNegative -3
Shares fell 2% despite mixed broker ratings.Rolling sentiment Negative -37
Source
Read the original at CNBC-TV18More Thermax news
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