Power generation equipment maker Thermax Ltd, has opened a manufacturing facility in east China with a registered capital of $11.47 million. The facility has been set up under Thermax's 100% subsidiary christened Thermax (Zhejiang) Cooling and Heating Engineering Company Limited. The latest facility is the company's first overseas manufacturing unit. According the company, the plant with a capacity of over 400 absorption chillers per annum with the state-of-the-art machinery would cater to the absorption chiller market in China and some other overseas markets. In recently announced results, the company's net profit went up by 13.74 per cent to Rs 63.70 crore as compared to Rs 56.01 crore for the quarter ended June 30, 2007 Some Technical analysts are presently showing much interest on this scrip. In their recent recommendations, they have suggested that traders with a short-term perspective can buy the stock at Rs 430 with a price target of Rs 490, while maintaining a strict stop-loss at Rs 410.