Nalanda Capital puts its eggs in few baskets, so why did it buy Thermax?

Even though the sector has been a troubled one, the marquee investment firm has increased its stake in the capital goods leader

Swing for the fences. That’s the mantra Nalanda Capital follows when it sets its heart on a company. When the Pulak Prasad founded investment firm likes a business and the management, it does not sit quietly with a few thousand shares. Its investment approach involves grabbing a large stake and sitting tight until the cows come home. Most often than not, we are talking ballpark 10%.