Thermax Ltd. Shows Signs of Trend Reversal Amid Broader Market Fluctuations

Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has shown a notable performance today, gaining 3.1% on March 13, 2025. This uptick comes after three consecutive days of decline, marking a potential trend reversal. The stock reached an intraday high of Rs 3,372.95, reflecting a 3.5% increase during the trading session.
In terms of performance metrics, Thermax has outperformed the broader market, with a daily performance of 3.80% compared to the Sensex's 0.33%. Over the past week, the stock has risen by 2.59%, while the Sensex has seen a slight decline of 0.09%. However, on a longer-term basis, Thermax's three-month performance shows a decline of 29.36%, contrasting with the Sensex's drop of 9.57%.

Currently, Thermax's moving averages indicate that it is above the 5-day and 20-day averages but remains below the 50-day, 100-day, and 200-day averages. As the market continues to evolve, Thermax's performance will be closely monitored for further developments.