THERMAX - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.3
| Stock Code | THERMAX | Market Cap | 35,266 Cr. | Current Price | 2,958 ₹ | High / Low | 4,092 ₹ |
| Stock P/E | 60.0 | Book Value | 341 ₹ | Dividend Yield | 0.47 % | ROCE | 16.5 % |
| ROE | 13.4 % | Face Value | 2.00 ₹ | DMA 50 | 2,961 ₹ | DMA 200 | 3,251 ₹ |
| Chg in FII Hold | -1.08 % | Chg in DII Hold | 0.89 % | PAT Qtr | 111 Cr. | PAT Prev Qtr | 226 Cr. |
| RSI | 52.2 | MACD | -20.5 | Volume | 1,23,324 | Avg Vol 1Wk | 1,59,786 |
| Low price | 2,743 ₹ | High price | 4,092 ₹ | PEG Ratio | 1.72 | Debt to equity | 0.04 |
| 52w Index | 16.0 % | Qtr Profit Var | 7.11 % | EPS | 60.7 ₹ | Industry PE | 40.7 |
📊 Analysis: THERMAX shows moderate potential for intraday trading. Current price (₹2,958) is almost equal to the 50 DMA (₹2,961) but below the 200 DMA (₹3,251), reflecting short-term support but medium-term weakness. RSI at 52.2 is neutral, while MACD (-20.5) indicates bearish divergence. Volume (1.23L vs avg 1.59L) is slightly below average, suggesting limited intraday participation. High P/E (60 vs industry 40.7) raises valuation concerns, though fundamentals remain stable.
💰 Optimal Buy Price: ₹2,950–2,960 if price sustains above 50 DMA.
📈 Profit-Taking Levels: First exit near ₹2,985, extended target ₹3,020.
📉 Stop-Loss: ₹2,930 to protect against downside risk.
⏱️ If Already Holding: Exit intraday if price fails to hold above ₹2,950 or momentum weakens near resistance zones (₹2,985–3,020). Watch RSI slipping below 50 or volume drying up as exit signals.
Positive
- EPS at ₹60.7 indicates strong earnings capacity.
- Low debt-to-equity (0.04) ensures financial stability.
- Book value of ₹341 provides solid asset backing.
- DII holdings increased (+0.89%), reflecting domestic institutional support.
Limitation
- High P/E (60) compared to industry average (40.7), suggesting premium valuation.
- MACD negative (-20.5) reflects bearish divergence.
- Volume below average, limiting intraday momentum.
- Price trading below 200 DMA indicates medium-term weakness.
Company Negative News
- Quarterly PAT declined (₹111 Cr vs ₹226 Cr previous quarter).
- FII holdings decreased (-1.08%), showing reduced foreign investor confidence.
Company Positive News
- Quarterly profit variation of 7.11% shows resilience despite decline.
- Stable dividend yield of 0.47% continues to attract investors.
Industry
- Industry PE at 40.7 indicates sector is moderately valued compared to THERMAX’s premium.
- Engineering and energy solutions sector remains in demand with long-term growth opportunities.
Conclusion
⚖️ THERMAX is a moderate candidate for intraday trading. Entry near ₹2,950–2,960 with exit around ₹2,985–3,020 offers limited upside. Traders should remain cautious due to weak MACD, declining profits, and lower volume, but strong fundamentals and institutional support provide short-term opportunities.