Thermax Ltd. Faces Continued Stock Decline Amidst Sector Challenges and Underperformance

Thermax Ltd., a prominent player in the Engineering - Industrial Equipment sector, has experienced a notable decline in its stock performance today, losing 3.35% as of January 28, 2025. This drop marks a continuation of a downward trend, with the stock having fallen 8.1% over the past three days. In terms of market positioning, Thermax's performance today underperformed the sector average, which saw a decline of 2.77%. The stock reached an intraday low of Rs 3,475.45, reflecting a decrease of 3.07% 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 period of underperformance. Over the past month, Thermax has faced significant challenges, with a decline of 20.94%, contrasting sharply with the Sensex, which has decreased by only 3.82% during the same period. These metrics highlight the ongoing struggles faced by Thermax in a competitive market environment.