Thermax Ltd. Hits 52-Week Low Amidst High Volatility and Sector Underperformance

Feb 17 2025 09:39 AM IST
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Thermax Ltd. has reached a new 52-week low, reflecting a challenging performance as it underperforms its sector. The stock has seen significant volatility today, trading below multiple moving averages. Over the past year, Thermax's decline contrasts with the Sensex's gains, indicating ongoing market challenges for the company.
Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has experienced significant activity today, reaching a new 52-week low of Rs. 3040. This decline marks a notable moment for the large-cap company, which has underperformed its sector by 1.44%. Over the past two days, Thermax has seen a consecutive fall, accumulating a total decline of 4.18%.

Today's trading session has been characterized by high volatility, with an intraday volatility rate of 34.67%, indicating substantial price fluctuations. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a challenging trend in its performance metrics.

Looking at the broader picture, Thermax's performance over the past year shows a decline of 12.47%, contrasting sharply with the Sensex, which has gained 4.33% during the same period. These figures highlight the ongoing challenges faced by Thermax in the current market landscape.
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