Thermax Ltd. Stock Sees Decline, Underperforms Sector by -4.12%

Thermax Ltd., a leading engineering company in the industrial equipment industry, has recently seen a decline in its stock price. On October 30, 2024, the company's stock lost -3.12%, underperforming the sector by -4.12%. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock has been on a downward trend for the past three days, with a consecutive fall of -8.64% in this period. On the same day, the stock touched an intraday low of Rs 4965.05, showing a decline of -3.12%. However, the stock's moving averages are still higher than the 50-day, 100-day, and 200-day moving averages, but lower than the 5-day and 20-day moving averages.

In comparison to the overall market performance, Thermax Ltd.'s stock has underperformed. On a 1-day basis, the stock's performance was -3.92%, while the Sensex's performance was -0.51%. Similarly, on a 1-month basis, the stock's performance was -3.85%, while the Sensex's performance was -5.15%.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative tone for readers interested in the stock performance of Thermax Ltd. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.