THERMAX - Swing Trade Analysis with AI Signals

Last Updated Time : 05 Nov 25, 7:43 am

Swing Trade Rating: 4.2

📊 THERMAX shows strong technical support and solid fundamentals, making it a good swing trade candidate. Optimal entry is ₹3,260–₹3,280. If already held, consider exiting near ₹3,400–₹3,450.

📈 Positive

• ROCE (16.5%) and ROE (13.4%) reflect efficient capital utilization.
• Low debt-to-equity ratio (0.02) indicates strong financial health.
• MACD (2.33) is positive, suggesting bullish momentum.
• Trading above 50-DMA (₹3,266) shows short-term strength.
• Volume significantly above 1-week average signals strong market interest.

⚠️ Limitation

• High P/E (84.5) compared to industry average (49.8) implies overvaluation.
• Quarterly PAT dropped 46% from ₹205 Cr. to ₹46.5 Cr., raising short-term concerns.
• Dividend yield (0.43%) is low for income-focused investors.
• RSI (54.1) is neutral, offering limited oversold advantage.

🚫 Company Negative News

• FII holdings declined by 2.58%, indicating reduced foreign investor confidence.
• Recent earnings miss due to margin pressure and delayed project execution.

✅ Company Positive News

• DII holdings increased by 2.21%, showing strong domestic institutional support.
• Company maintains robust order book and long-term growth visibility.
• EPS of ₹44.7 and PEG ratio of 2.43 suggest healthy growth expectations.

🌐 Industry

• THERMAX operates in the industrial engineering and energy solutions sector, which benefits from infrastructure and sustainability trends.
• Industry P/E of 49.8 reflects moderate valuation expectations.

🧾 Conclusion

• THERMAX is a strong swing trade candidate with solid fundamentals and technical support.
• Optimal entry: ₹3,260–₹3,280 (near 50-DMA and support zone).
• Exit target: ₹3,400–₹3,450 (near resistance and psychological level).
• Watch for MACD strength and volume continuation for confirmation.

I can chart THERMAX’s RSI and MACD trends to help you visualize the timing for entry and exit.