Thermax shares jump on Kotak’s data center and biogas view
In short
Thermax shares climbed more than 5% after Kotak said the company could benefit from data center and biogas work. The brokerage sees early-stage businesses adding 5-6 percentage points to revenue growth.
This matters because investors are now watching Thermax’s future growth areas. The report does not say when the extra revenue will arrive or how much the projects will earn.
What the reporting says
Thermax shares jumped more than 5% after Kotak pointed to upside from data center and compressed biogas opportunities. The brokerage said early-stage businesses could add 5-6 percentage points to revenue growth, including data centres in the US and India and compressed biogas. The immediate consequence was a stronger share price, while the reporting does not say whether Thermax has disclosed financial targets for these opportunities.
Why it matters
Thermax shares rose more than 5% after Kotak highlighted upside from data centres and compressed biogas. The brokerage said early-stage businesses could add 5-6 percentage points to revenue growth, with opportunities in the US and India and a strong competitive position in compressed biogas. The market response was positive, but the timing and scale of actual revenue contribution were not stated.