Thermax Ltd. Faces Sustained Stock Decline Amid Broader Market Challenges

Feb 06 2025 10:45 AM IST
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Thermax Ltd. has faced a significant decline in stock performance, falling for four consecutive days and accumulating a total drop of 16.29%. The stock is trading below multiple moving averages and has decreased by 21.88% over the past month, contrasting with a slight increase in the Sensex.
Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has experienced a notable decline in its stock performance today, with a decrease of 3.11% as of February 6, 2025. This drop marks a continuation of a downward trend, as the stock has now fallen for four consecutive days, accumulating a total decline of 16.29% over this period.

In terms of market positioning, Thermax's performance today underperformed the broader sector by 2.8%. The stock reached an intraday low of Rs 3,240.8, reflecting a decrease of 3.09% at its lowest point. Additionally, Thermax is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

Over the past month, Thermax has seen a significant decline of 21.88%, contrasting sharply with the Sensex, which has shown a slight increase of 0.18%. These performance indicators highlight the challenges faced by Thermax in the current market environment.
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