“Given robust financials and ample business opportunities, we expect Thermax to trade at a premium. In the long term, Thermax with its strong execution and technological capabilities in green energy and the wastewater industry should be able to deliver strong performance,” .
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026