Thermax Ltd. Shows Resilience Amid Broader Market Challenges with Notable Stock Gains

Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has shown notable activity today, gaining 3.09% on April 16, 2025. This performance has allowed the stock to outperform its sector by 1.75%. Over the past three days, Thermax has demonstrated a positive trend, accumulating an impressive 8.6% return during this period. The stock reached an intraday high of Rs 3,334.95.
In terms of moving averages, Thermax's current price is above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short- to long-term performance signals.

While the broader market has faced challenges, with the Sensex trading down by 0.14% after a positive opening, Thermax's performance stands out. Over the past week, the stock has gained 9.47%, significantly outperforming the Sensex's 3.78% increase. However, on a longer-term basis, Thermax has seen a decline of 27.94% over the past year, contrasting with the Sensex's 5.07% gain.