Thermax Ltd. Faces Continued Stock Decline Amid Broader Sector Challenges

Jan 27 2025 09:50 AM IST
share
Share Via
Thermax Ltd. has seen a significant decline in its stock performance, falling for two consecutive days and accumulating a notable decrease over the past month. The company's performance has lagged behind the sector average, indicating ongoing challenges within both the firm and the broader industrial equipment market.
Thermax Ltd., a prominent player in the Engineering - Industrial Equipment sector, has experienced a notable decline in its stock performance today, with a loss of 3.47% as of January 27, 2025. This downturn marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, accumulating a total decline of 4.85% during this period.

In terms of market positioning, Thermax's performance today underperformed the sector average, which saw a decrease of 2.99%. The stock reached an intraday low of Rs 3,590.75, reflecting a drop of 3.66% at its lowest point. Additionally, Thermax is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance.

Over the past month, Thermax has faced significant challenges, with a decline of 17.40%, contrasting sharply with the Sensex's decrease of 3.59%. This performance underscores the ongoing pressures within the company and the broader industrial equipment sector.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News