Thermax Ltd. Shows Strong Stock Performance, Outperforms Sector and Sensex

Oct 28 2024 10:15 AM IST
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Thermax Ltd., a leading engineering company, has shown a positive trend in its stock performance, gaining 3.75% on October 28, 2024. It has outperformed the sector by 2.18% and has been on a consecutive rise for the last 3 days. The stock is currently trading higher than its moving averages and has outperformed the Sensex in the last month. MarketsMojo suggests a 'Hold' position on the stock.

Thermax Ltd., a leading engineering company in the industrial equipment industry, has seen a positive trend in its stock performance. On October 28, 2024, the company's stock gained 3.75%, outperforming the sector by 2.18%. This has led to a 'Hold' call by MarketsMOJO.

The stock has been on a consecutive gain for the last 3 days, with a rise of 9.65% in this period. On the same day, the stock also touched an intraday high of Rs 5555, showing a 2.21% increase. Thermax Ltd. is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the Sensex performance, Thermax Ltd. has outperformed with a 1 day performance of 3.61% versus Sensex's 0.59%. In the last month, the company's stock has shown a positive growth of 9.04%, while the Sensex has seen a decline of -6.66%.

Thermax Ltd. continues to be a strong player in the engineering industry, with its consistent performance and positive stock trend. Investors can keep a 'Hold' position on the stock, as suggested by MarketsMOJO.
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