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Wednesday, March 16, 2011

Why Thermax buy at this current level.....

Dear All,
 
As per the all chart's stock running at lower level and as per the Technical stock having support at 580Rs, in case stock break this level then stock will reach 560Rs level (major support).
 
Otherwise stock will bounce back from this level, its a engineering company and Thermax has informed the exchange regarding a press release dated 27 jan 2011, titled  ''THERMAX Q3 Revenue up 66%, Profits up.
 
Apart from this i attatch the high low of the stock from Jan to Mar, which show you the supporting level and up side expected level of the stock and the 2nd sheet of the excel sheet shows the comparison of the Netsales/Income from Operation of the Thermax.
 
Yesterday i recommended to buy thermax between 580Rs to 605Rs and target was 672Rs, and today high is 590Rs, low 580.50Rs and current market price Rs 587, Because of low volume in Thermax. Still i suggest carry on your position you defnately make money.

Shareholding Pattern

Particulars No. of
Shares(Mn)
% Holdings
Total Promoter Holdings 73.86 62.0
Total Govt Holding (Promoter + Non Promoter) 0.00 0.0
Total Domestic Institutions (Banks/ FI + MF / UTI) 17.79 14.9
Total Foreign Holdings (FII+NRI holdings) 11.28 9.5
Total Non Promoter Corporate Holdings 1.62 1.4
Total Public & Others (Individuals + HUF + Clearing members) 14.62 12.2
Total 119.16 100
 
Note:- Over All this stock is good for investment point of view as per earlier records and company having number of projects which
           are running under process and future prospect of the company is good as per the current Scenerio, you will invest the money for short
           term or medium term point of you and make money.
--
Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com

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