Thermax Ltd. Stock Declines -3.13% in Line with Sector Performance on September 20, 2024
Thermax Ltd., a leading engineering company in the industrial equipment industry, experienced a -3.13% decline in its stock price on September 20, 2024. This was in line with the sector's performance, with Thermax underperforming by -3.49%. However, the stock is still trading higher than its moving averages and has shown a positive growth of 14.97% in the past month.
Thermax Ltd., a leading engineering company in the industrial equipment industry, saw a decline in its stock price on September 20, 2024. The company's stock lost -3.13% and closed at Rs 5090. This decline was in line with the overall performance of the sector, as Thermax underperformed the sector by -3.49%.
The stock's performance for the day was also reflected in its intraday low of Rs 5075, which was a decrease of -2.75% from its previous close. However, despite this decline, Thermax is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In comparison to the overall market performance, Thermax's stock performance for the day was -3.27%, while the Sensex's performance was 0.45%. Over the past month, Thermax's stock has shown a positive growth of 14.97%, outperforming the Sensex's growth of 3.41%.
Thermax Ltd. is a largecap company in the engineering industry, known for its industrial equipment. While the stock may have seen a decline in its price, it is important to note that this article is purely informative and does not offer any recommendations or mention any potential for future growth. The information provided is based on facts and figures, and does not include any external data or sources.
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