Thermax Ltd. Faces Continued Stock Decline Amid Broader Market Trends

Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has experienced a notable decline in its stock performance today, losing 3.66% as of February 5, 2025. This downturn marks the third consecutive day of losses for the company, accumulating a total decline of 11.67% over this period.
The stock opened significantly lower, with an initial drop of 2.84%, and reached an intraday low of Rs 3,370, reflecting a decrease of 4.96% at its lowest point. In comparison to the broader market, Thermax underperformed, with its daily performance lagging behind the Sensex, which saw a modest decline of 0.18%. Over the past month, Thermax has faced a substantial drop of 17.22%, contrasting sharply with the Sensex's slight decrease of 0.98%.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend in its market position. These performance indicators highlight the challenges Thermax is facing in the current market environment.