Thermax Ltd. Hits 52-Week Low Amid Broader Sector Challenges and Declines

Feb 11 2025 09:35 AM IST
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Thermax Ltd. has reached a new 52-week low, reflecting a significant decline in its stock performance. The company has underperformed against its sector and broader market indices over the past year, with its stock trading below multiple moving averages, indicating ongoing challenges within the Engineering - Industrial Equipment sector.
Thermax Ltd., a prominent player in the Engineering - Industrial Equipment sector, has experienced significant activity today, reaching a new 52-week low of Rs. 3180. This decline marks a notable underperformance, as the stock has fallen by 6.12% over the past two days, with today's performance trailing the sector by 2.01%.

The stock's intraday low of Rs. 3180 reflects a 3% decrease, contributing to a broader trend where Thermax is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Thermax has recorded a decline of 4.60%, contrasting sharply with the Sensex, which has gained 7.67% during the same period.

The Engineering - Industrial Equipment sector as a whole has also faced challenges, with a decrease of 2.35%. These metrics highlight the current market position of Thermax amidst a fluctuating industry landscape.
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