Thermax Ltd. Stock Declines -3.1% on November 19, Underperforms Sector and Sensex

Thermax Ltd., a leading engineering company in the industrial equipment industry, saw a decline of -3.1% in its stock price on November 19, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Hold' call for the stock.

The stock has been on a downward trend for the past two days, with a fall of -5.76% during this period. On the day of the decline, the stock touched an intraday low of Rs 4684.65, showing a decrease of -3.4%. However, it is worth noting that the stock is still performing better than the sector, with a difference of -3.41%.

In terms of moving averages, the stock is currently higher than the 200-day moving average, but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock.

In comparison to the Sensex, Thermax Ltd. has underperformed with a -3.22% decline in the past day and a -9.74% decline in the past month. In contrast, the Sensex has shown a 1.11% increase in the past day and a -3.73% decline in the past month.

Overall, the recent performance of Thermax Ltd. has been lackluster, with a decline in stock price and underperformance compared to the sector and the Sensex. Investors may want to keep a close eye on the stock and consider the 'Hold' call given by MarketsMOJO before making any investment decisions.