Thermax Ltd. Faces Ongoing Volatility Amidst Broader Market Gains

Thermax Ltd., a prominent player in the heavy electrical equipment sector, has experienced a notable decline of 3.18% on June 20, 2025. This drop comes as the stock has underperformed its sector by 5.36%, marking a consecutive fall over the last two days with a total decline of 4.19% during this period. The stock reached an intraday low of Rs 3,363, reflecting a decrease of 4.09%.
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 its short to long-term performance. Over the past year, the stock has faced significant challenges, with a decline of 33.81%, contrasting sharply with the Sensex, which has gained 6.36% in the same timeframe.

While Thermax has shown resilience over longer periods, with a 70.68% increase over three years and a remarkable 352.51% rise over five years, its recent performance highlights ongoing volatility in the market. As the broader market, represented by the Sensex, continues to rise, Thermax's current trajectory raises questions about its competitive positioning within the industry.