{"id":119497,"date":"2024-02-21T13:54:16","date_gmt":"2024-02-21T08:24:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119497"},"modified":"2024-02-21T14:18:13","modified_gmt":"2024-02-21T08:48:13","slug":"midcap-stock-in-green-after-signing-technical-assistance-agreement-with-a-korean-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-in-green-after-signing-technical-assistance-agreement-with-a-korean-company\/","title":{"rendered":"Midcap stock in green after signing technical assistance agreement with a Korean company\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-497411503\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this midcap company jumped 1 percent in Wednesday\u2019s trading session after signing a Technical Assistance Agreement with a Korean company. The shares have delivered more than 70 percent returns to investors in one year.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2308345119\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 42,091 crores, the shares of Thermax Ltd started Wednesday\u2019s trading session on a higher note at Rs. 3,549.90 compared to its previous close of Rs. 3,511.65. <\/p><p>During the trading session, the shares hit a high of Rs. 3,567.75, gaining around 1 percent, also recorded as the company\u2019s fresh 52-week high and are currently trading at Rs. 3,530 apiece.\u00a0<\/p><p>Such a positive movement in the share price was observed after the company in an exchange filing announced that it had entered into a License and Technical Assistance Agreement with Flowtech Co Ltd, a South Korean company (Licensor)to obtain technology for manufacturing Polycarboxylate Ether products to strengthen its construction chemicals business portfolio with a lock-in period of 4 years.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3753288087\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the company will pay USD 300,000 out of which, 50 percent will be adjusted against royalty payment and the balance as a refundable deposit till the agreement period.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue increased marginally by around 1 percent from Rs. 2,302 crores in the September quarter to Rs. 2,325 crores during the December quarter. In addition, the net profits zoomed by around 50 percent from Rs. 159 crores to Rs. 237 crores during the same period.&nbsp;<\/p><p>Recently, Thermax Ltd approved an additional capital expenditure (Capex) of Rs. 45 crores for establishing an ion exchange resin manufacturing facility. <\/p><p>Additionally, the company has planned to invest Rs. 500 crores in Gujarat over the next three years, expanding its existing facilities.\u00a0<\/p><p>Due to consistent operating revenue and profits on a YoY basis, the profitability metrics of the company improved with the return on equity (RoE) increasing from 9.26 percent during FY 21-22 to 12.25 percent in FY 22-23, and, the return on capital employed (RoCE) zoomed from 11.27 percent to 14.63 percent during the same timeframe. Furthermore, the net profit margin increased from 5.10 percent during FY21-22 to 5.57 percent during FY22-23.&nbsp;<\/p><p>Headquartered in Pune, Thermax Ltd was incorporated in 1980. The company offers solutions to energy, environment and chemical sectors. <\/p><div class=\"trade-content-10\" id=\"trade-3751119288\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Company\u2019s portfolio includes boilers and heaters, absorption chillers or heat pumps, power plants, solar equipment, air pollution control equipment or systems, water and waste recycling plants, ion exchange resins and performance chemicals and related services.\u00a0<\/p><p><strong>Written By Vaibhav Patil\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3129638446\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this midcap company jumped 1 percent in Wednesday\u2019s trading session after signing a Technical Assistance Agreement with a Korean company. The shares have delivered more than 70 percent returns to investors in one year.&nbsp; With a market capitalization of Rs. 42,091 crores, the shares of Thermax Ltd started Wednesday\u2019s trading session on a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-119497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midcap stock in green after signing technical assistance agreement with a Korean company\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this midcap company jumped 1 percent in Wednesday\u2019s trading session after signing a Technical Assistance Agreement with a Korean company. 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