Thermax Ltd. Faces Short-Term Challenges Amid Broader Market Volatility

May 08 2025 03:30 PM IST
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Thermax Ltd. saw a decline on May 8, 2025, underperforming its sector amid broader market volatility. The stock is trading below key moving averages, reflecting a bearish trend. Despite recent short-term struggles, Thermax's long-term performance remains strong, significantly outpacing the Sensex over the past five years.
Thermax Ltd., a prominent player in the engineering and industrial equipment sector, experienced a notable decline of 3.21% on May 8, 2025. The stock underperformed against its sector by 2.11%, reflecting broader market trends. During the trading session, Thermax reached an intraday low of Rs 3,148.55, marking a decrease of 3.12%.

In terms of moving averages, Thermax is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in the short to medium term. Over the past week, the stock has declined by 4.32%, while its performance over the past month shows a decrease of 2.87%.

In contrast, the broader market, represented by the Sensex, has faced volatility, reversing sharply after a positive opening. The Sensex is currently trading at 80,044.82, down 0.87%. Notably, while Thermax has struggled in the short term, its long-term performance remains robust, with a 5-year increase of 348.18%, outpacing the Sensex's 152.96% growth during the same period.
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