India's Thermax gains after Q2 profit beat

ABB India

14/11/2024 04:34

** Shares of Thermax  THMX.NS  rises 2.5% to 5,020 rupees,
their biggest one-day pct gain since Oct. 25
    ** Industrial machine maker posts bigger-than-expected Q2
profit, helped by steady demand for its industrial products
    ** Analysts' avg rating on stock is "hold," same as that on
peer ABB India  ABB.NS  
    ** Their median PT on THMX is 4,600 rupees - LSEG
    ** Stock extends YTD gains to 62%, compared to a 42% surge
in ABB

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))