Thermax Ltd. Stock Sees -3.05% Decline, But Long-Term Performance Remains Strong

Thermax Ltd., a leading player in the engineering and industrial equipment industry, has seen a decline of -3.05% in its stock price on July 10, 2024. This underperformance is reflected in the stock's 'Hold' rating by MarketsMOJO.

The stock has been on a downward trend for the past two days, with a fall of -4.66% during this period. On July 10, the stock touched an intraday low of Rs 5366.55, a decrease of -3.4%. However, the stock is still performing well in the long term, with its moving averages higher than the 20-day, 50-day, 100-day, and 200-day averages. It is only lower than the 5-day moving average.

In comparison to the overall market performance, Thermax Ltd. has underperformed with a -2.99% return on July 10, while the Sensex had a -0.95% return. However, in the past month, the stock has outperformed the Sensex with a 4.13% return compared to the Sensex's 4.05% return.

Thermax Ltd. is a largecap company in the engineering and industrial equipment industry. While there is no mention of future potential or investor interest, the facts show that the stock has had a recent decline but is still performing well in the long term. Investors may want to hold onto their shares for now.