Thermax Ltd. Faces Revision in Score Amid Ongoing Market Challenges

On December 20, 2024, Thermax Ltd., a key player in the engineering and industrial equipment sector, has experienced a notable adjustment in its evaluation. The company’s stock price closed at Rs 4500, reflecting a decline of 3.16% for the day and marking the fourth consecutive day of losses, totaling a 7.45% drop over this period. In the context of broader market performance, Thermax has underperformed, with its daily performance at -2.90%, while the Sensex recorded a decrease of 0.98%. Over the past month, the stock has seen a decline of 2.59%, contrasting with the Sensex's gain of 1.11%. Currently, Thermax is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. The engineering and industrial equipment sector has also faced challenges, with a reported decline of 2.49%. In light of these developments, Thermax has been added to MarketsMOJO's list, reflecting the ongoing evaluation of its market position and performance indicators.