THERMAX - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | THERMAX | Market Cap | 54,780 Cr. | Current Price | 4,593 ₹ | High / Low | 4,880 ₹ |
| Stock P/E | 94.9 | Book Value | 372 ₹ | Dividend Yield | 0.30 % | ROCE | 17.0 % |
| ROE | 13.8 % | Face Value | 2.00 ₹ | DMA 50 | 3,999 ₹ | DMA 200 | 3,506 ₹ |
| Chg in FII Hold | -1.11 % | Chg in DII Hold | 0.65 % | PAT Qtr | 199 Cr. | PAT Prev Qtr | 111 Cr. |
| RSI | 64.0 | MACD | 169 | Volume | 6,39,673 | Avg Vol 1Wk | 3,20,627 |
| Low price | 2,743 ₹ | High price | 4,880 ₹ | PEG Ratio | 4.54 | Debt to equity | 0.03 |
| 52w Index | 86.6 % | Qtr Profit Var | -2.89 % | EPS | 54.5 ₹ | Industry PE | 36.6 |
📊 Current Price: 4,593 ₹
🛒 Optimal Buy Price: 4,560 – 4,600 ₹ (near support zone)
🎯 Profit Exit Levels: 4,720 ₹ / 4,780 ₹
🛑 Stop-Loss: 4,540 ₹
⏳ If already holding: Exit near 4,720–4,780 ₹ if RSI weakens below 62 or MACD momentum fades; tighten stop-loss if price slips under 4,560 ₹ with declining volume.
Positive
✔️ EPS at 54.5 ₹ supports earnings visibility.
✔️ ROCE at 17.0% and ROE at 13.8% show strong operational efficiency.
✔️ PAT improved (199 Cr. vs 111 Cr.), showing sequential growth.
✔️ Price well above 50 DMA (3,999 ₹) and 200 DMA (3,506 ₹), confirming strong uptrend.
✔️ Volume (6.39 Lakh) significantly above weekly average (3.20 Lakh), showing strong intraday participation.
✔️ Debt-to-equity ratio at 0.03 reflects very low leverage risk.
Limitation
⚠️ RSI at 64.0 indicates moderately overbought conditions.
⚠️ MACD high (169), suggesting stretched momentum.
⚠️ P/E at 94.9 vs industry PE of 36.6 highlights overvaluation.
⚠️ Dividend yield at 0.30% is modest.
⚠️ Quarter profit variation (-2.89%) shows volatility.
Company Negative News
❌ FII holding decreased (-1.11%), showing reduced foreign investor confidence.
❌ Valuation premium may limit upside.
❌ Profit variation negative despite sequential PAT improvement.
Company Positive News
✅ DII holding increased (+0.65%), reflecting domestic institutional support.
✅ EPS remains strong, supporting valuation premium.
✅ PAT growth quarter-on-quarter shows operational improvement.
Industry
🏭 Industry PE at 36.6 vs THERMAX’s 94.9, highlighting valuation risk.
⚙️ Capital goods sector remains cyclical, with demand tied to industrial investment cycles.
Conclusion
⚖️ THERMAX shows strong intraday potential with high volume, positive RSI, and strong DMA support.
📉 Overvaluation and stretched momentum limit upside.
🎯 Suitable for disciplined intraday trades targeting 4,720–4,780 ₹, with strict stop-loss at 4,540 ₹.
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?