Thermax falls as adjusted profit lags estimates

Reuters Market Eye - Shares of Thermax Ltd fall 2.8 percent after the company's January-March net profit adjusted for other income missed some analysts estimates.

Thermax said on Tuesday March-quarter net profit fell to 1.06 billion rupees ($18 million) versus 1.15 billion rupees a year ago.

(Reporting by Abhishek Vishnoi)