Thermax Ltd. Shows Positive Momentum Amid Broader Market Gains and Small-Cap Strength

Thermax Ltd., a prominent player in the engineering and industrial equipment sector, has shown notable activity today, gaining 3.65% on March 20, 2025. The stock has outperformed its sector by 2.05%, marking a positive trend as it has experienced consecutive gains over the past three days, accumulating a total return of 7.96% during this period.
Opening with a gain of 2.11%, Thermax reached an intraday high of Rs 3508.85, reflecting a 3.91% increase. In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day averages, although it remains below the 100-day and 200-day moving averages.

In the broader market context, the Sensex has also opened positively, trading at 75,984.15, up 0.71%. While the Sensex is above its 50-day moving average, this average is still below the 200-day moving average. Small-cap stocks are leading the market today, with the BSE Small Cap index gaining 1.46%.

Despite the recent gains, Thermax's performance over the past three months shows a decline of 23.30%, while its year-to-date performance stands at -13.06%. However, the stock has demonstrated significant growth over longer periods, with a 392.90% increase over the past five years.