New stock idea under manufacturing theme


Caveat: Thermax is NOT a cheap stock and will never be. The co is a leader in cap goods and we really like the management, execution capabilities and balance sheet. You will get the stock lower as well amid all uncertainty around us. But keep stock on your radar and add slowly at lower levels. This stock is like Rahul Dravid for your portfolio and not Sehwag. Best if you get this stock around 1800 levels (cmp 2020). I will add slowly this co to make it 3-4% of my portfolio at least

While investors often quip about high valuation and stock prices one needs to understand that quality can rarely come cheap. That is the reason we pay a premium for the same thing of some other brand.

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