Stock of Interest

Posted On: July 20, 2023

Stock Report : THERMAX (NSE) 19 Jul 2023

Headquartered in Pune, Thermax Ltd. is a leading Indian multinational engineering conglomerate specializing in providing solutions for clean air, clean energy, and clean water. Under the leadership of CEO Ashish Bhandari, the company operates with subsidiaries like Thermax Babcock & Wilcox Energy Solutions Private Limited and is part of the parent organization RDA Holdings Private Limited. With robust financial performance, Thermax achieved revenue of 4,791.25 crores INR (approximately US$600 million) in 2021. Its dedication to delivering sustainable technologies has positioned it as a significant player in the engineering sector, addressing global environmental challenges. 

xCalData predicts THERMAX will continue its Bullish phase over the next five days and trend in the range of 2384 to 2519. 

In comparison to the previous month, the price of the stock has experienced an increase of 0.86% indicating a bullish. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Some of the indicates bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

The Stock has doubled once since 16 Oct 2015 and took an average of 6.1 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given Negative returns in 3 years in the past. 

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