Thermax Ltd. Shows Strong Short-Term Gains Amid Broader Market Optimism

Thermax Ltd., a prominent player in the heavy electrical equipment sector, has shown notable activity today, gaining 3.4% as of July 3, 2025. This performance has allowed the stock to outperform its sector by 1.82%. Over the past two days, Thermax has recorded a consecutive gain, accumulating a total return of 4.24%.
The stock reached an intraday high of Rs 3509, reflecting a 2.75% increase during the trading session. In terms of moving averages, Thermax is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below its 200-day moving average.

In the broader market context, the Sensex opened positively, trading at 83,735.79, up by 0.39% and is nearing its 52-week high. The small-cap segment is leading the market, with the BSE Small Cap index gaining 0.4%. While Thermax's performance over the past year shows a decline of 33.50%, its long-term metrics remain strong, with a 5-year performance increase of 360.20%.