Thermax Ltd. Shows Short-Term Gains Amid Mixed Long-Term Performance Signals

Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has shown notable activity today, gaining 3.31% on March 19, 2025. This performance has allowed the stock to outperform its sector by 0.49%. Over the past two days, Thermax has recorded a cumulative increase of 4.17%, reflecting a positive trend in its short-term performance.
The stock reached an intraday high of Rs 3,387.95, marking a 3.18% increase at its peak. In terms of moving averages, Thermax's current price is above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed signals in its longer-term trend.

In the broader market context, the Sensex opened positively, trading at 75,482.71, up by 171.91 points or 0.24%. While the engineering and industrial equipment sector has gained 2.35%, Thermax's performance over various time frames shows a complex picture, with a 3-month decline of 27.00% and a year-to-date drop of 16.69%. However, its long-term performance remains robust, with a 5-year increase of 391.09%.