Thermax Ltd. Experiences Short-Term Gains Amid Ongoing Year-to-Date Decline

Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has shown notable activity today, gaining 3.13% on April 15, 2025. The stock opened with a significant gap up of 2.96% and reached an intraday high of Rs 3,174.2, reflecting a 3.1% increase. This marks the second consecutive day of gains for Thermax, which has returned approximately 3% over this brief period.
Despite today's positive movement, Thermax's performance over the past week has been less favorable, with a decline of 1.82%. Over the past month, the stock has decreased by 5.02%, and its year-to-date performance shows a decline of 22.03%. In contrast, the broader market, represented by the Sensex, has performed better, gaining 4.55% over the past year.

Thermax is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The engineering and industrial equipment sector overall has seen a gain of 2.68% today, reflecting a broader positive trend in the market.