THERMAX - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.3
| Stock Code | THERMAX | Market Cap | 48,587 Cr. | Current Price | 4,078 ₹ | High / Low | 4,305 ₹ |
| Stock P/E | 82.6 | Book Value | 341 ₹ | Dividend Yield | 0.34 % | ROCE | 16.5 % |
| ROE | 13.4 % | Face Value | 2.00 ₹ | DMA 50 | 3,533 ₹ | DMA 200 | 3,324 ₹ |
| Chg in FII Hold | -1.11 % | Chg in DII Hold | 0.65 % | PAT Qtr | 111 Cr. | PAT Prev Qtr | 226 Cr. |
| RSI | 65.7 | MACD | 214 | Volume | 2,79,138 | Avg Vol 1Wk | 1,78,932 |
| Low price | 2,743 ₹ | High price | 4,305 ₹ | PEG Ratio | 2.37 | Debt to equity | 0.04 |
| 52w Index | 85.4 % | Qtr Profit Var | 7.11 % | EPS | 60.7 ₹ | Industry PE | 37.9 |
📈 Optimal Buy Price: 4,050 – 4,070 ₹ (near short-term support)
💰 Profit Exit Levels: 4,120 – 4,160 ₹ (resistance zone), 4,200 ₹ (momentum breakout)
⚠️ Stop-Loss: 4,020 ₹ (below support)
⏳ Intraday Exit Guidance: If already holding, consider booking profits near 4,120–4,160 ₹ if momentum slows. Exit immediately if RSI dips below 63 or price falls under 4,050 ₹ with declining volume.
Positive
- Strong EPS at 60.7 ₹ provides earnings visibility.
- ROCE (16.5%) and ROE (13.4%) indicate decent operational efficiency.
- Debt-to-equity ratio at 0.04 reflects very low leverage risk.
- Price well above 50 DMA (3,533 ₹) and 200 DMA (3,324 ₹), showing strong technical support.
- Volume (2.79 Lakh) above weekly average (1.78 Lakh), confirming active participation.
Limitation
- Stock P/E at 82.6 vs industry PE at 37.9 indicates significant overvaluation.
- PAT dropped sharply (111 Cr. vs 226 Cr.), showing earnings volatility.
- RSI at 65.7 approaching overbought territory.
- MACD extremely high (214), suggesting stretched momentum.
Company Negative News
- Sequential PAT decline highlights weakening profitability.
- FII holding decreased (-1.11%), showing reduced foreign investor confidence.
Company Positive News
- DII holding increased (+0.65%), reflecting domestic institutional support.
- EPS remains strong despite profit decline, supporting valuation premium.
Industry
- Industry PE at 37.9 is much lower than THERMAX’s 82.6, highlighting valuation risk.
- Capital goods sector remains cyclical, with demand tied to industrial investment cycles.
Conclusion
⚖️ THERMAX shows short-term technical strength with strong volume and institutional support, but extreme overvaluation and momentum exhaustion limit upside. Suitable only for disciplined intraday trades targeting 4,120–4,160 ₹ with strict stop-loss at 4,020 ₹.
Would you like me to extend this into a capital goods sector overlay comparing THERMAX against peers like ABB, Siemens, and BHEL for clearer benchmarking?