THERMAX - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | THERMAX | Market Cap | 39,186 Cr. | Current Price | 3,288 ₹ | High / Low | 4,092 ₹ |
| Stock P/E | 66.6 | Book Value | 341 ₹ | Dividend Yield | 0.43 % | ROCE | 16.5 % |
| ROE | 13.4 % | Face Value | 2.00 ₹ | DMA 50 | 3,064 ₹ | DMA 200 | 3,209 ₹ |
| Chg in FII Hold | -1.08 % | Chg in DII Hold | 0.89 % | PAT Qtr | 111 Cr. | PAT Prev Qtr | 226 Cr. |
| RSI | 63.0 | MACD | 67.4 | Volume | 2,37,397 | Avg Vol 1Wk | 3,41,152 |
| Low price | 2,743 ₹ | High price | 4,092 ₹ | PEG Ratio | 1.92 | Debt to equity | 0.04 |
| 52w Index | 40.4 % | Qtr Profit Var | 7.11 % | EPS | 60.7 ₹ | Industry PE | 33.0 |
📊 Analysis: THERMAX shows strong intraday potential today. RSI at 63.0 indicates bullish momentum, while MACD (67.4) is positive, confirming upward bias. Volume (2.37 lakh) is slightly below the 1-week average (3.41 lakh), but price action remains favorable. The stock is trading above its 50 DMA (3,064 ₹) and near its 200 DMA (3,209 ₹), reflecting short-term strength and medium-term stability.
💹 Optimal Buy Price: 3,250–3,280 ₹ (near current support zone).
🎯 Profit-Taking Levels: 3,340 ₹ (first resistance), 3,400–3,450 ₹ (next resistance zone).
🛑 Stop-Loss: 3,200 ₹ (protective support).
📈 If Already Holding: Exit intraday if price fails to sustain above 3,250 ₹ with weakening momentum or volume. Protective exit below 3,200 ₹. Book partial profits near 3,340–3,450 ₹ if momentum sustains.
Positive
- Strong fundamentals: EPS at 60.7 ₹, ROE 13.4%, ROCE 16.5%.
- MACD positive (67.4), confirming bullish bias.
- Stock trading above 50 DMA and near 200 DMA, showing technical strength.
- DII holdings increased (+0.89%), reflecting domestic institutional confidence.
- Low debt-to-equity ratio (0.04), ensuring financial stability.
Limitation
- High P/E (66.6) compared to industry PE (33.0), showing premium valuation.
- Quarterly PAT declined (111 Cr. vs 226 Cr.).
- Volume slightly below average, limiting intraday momentum.
Company Negative News
- FII holdings decreased (-1.08%), showing reduced foreign investor confidence.
- Sequential PAT dropped significantly, raising short-term concerns.
Company Positive News
- Strong EPS and consistent profitability.
- DII support increased, reflecting domestic confidence.
- PEG ratio at 1.92 indicates reasonable growth-adjusted valuation.
Industry
- Industry PE at 33.0, while THERMAX trades at 66.6, indicating premium valuation.
- Capital goods sector remains resilient with long-term growth prospects.
Conclusion
⚖️ THERMAX earns a strong intraday rating (4.0). Positive MACD, strong fundamentals, and support near DMA levels favor bullish bias. Best strategy: Buy near 3,250–3,280 ₹, target 3,340–3,450 ₹, and protect downside at 3,200 ₹. Intraday traders can consider quick profit booking near resistance levels while maintaining caution around premium valuations.
Selva, THERMAX looks technically stronger than RAMCOCEM and NIACL, with bullish confirmation from MACD and RSI. Would you like me to prepare a basket overlay comparing THERMAX with peers like ABB, Siemens, and L&T to see if intraday capital rotation favors THERMAX or stronger setups in the capital goods sector?