THERMAX - Swing Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Swing Trade Rating: 4.0

📊 Analysis Summary

THERMAX shows a strong technical setup for swing trading, supported by improving earnings and bullish momentum. While valuation is on the higher side, the recent price action and volume trends suggest a favorable short-term opportunity.

✅ Bullish Indicators

MACD: +93.0

Strong bullish momentum — confirms upward price movement.

RSI: 59.7

In bullish zone but not yet overbought — room for upside.

Trading Above DMA 50 & 200 (₹3,575 & ₹3,751)

Indicates a positive trend continuation.

PAT Growth: ₹114 Cr. → ₹206 Cr.

Solid quarterly improvement (+9.58%) supports price strength.

EPS: ₹53.2

Healthy earnings base.

ROCE & ROE: 16.2% & 13.4%

Strong operational efficiency and return metrics.

FII Holding ↑ 0.16%

Institutional interest is mildly positive.

⚠️ Valuation Concerns

P/E: 71.7 vs Industry PE: 57.2

Overvalued, which limits long-term upside.

PEG Ratio: 2.65

Indicates expensive valuation relative to growth.

Dividend Yield: 0.37%

Low income generation — not ideal for holding through volatility.

DII Holding ↓ 0.51%

Domestic institutions trimming positions.

🎯 Optimal Entry Price

Entry Zone: ₹3,720–₹3,760

Slight pullback near DMA 200 offers a good risk-reward entry.

🚪 Exit Strategy (If Already Holding)

Exit Target: ₹3,950–₹4,050

Near short-term resistance zone. Consider partial or full exit here.

Stop Loss: ₹3,640

Below DMA 50 and recent support.

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