⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
THERMAX - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical 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 |
📊 Technical Analysis
- Chart Patterns: Stock is trading above 50 DMA (₹3,064) and slightly above 200 DMA (₹3,209), showing strength. Support at ₹3,064, resistance around ₹3,350–₹3,500.
- Moving Averages: Current price (₹3,288) is above both averages, indicating bullish bias.
- RSI: 63.0 — moderately strong, suggesting bullish momentum but not yet overbought.
- MACD: 67.4 — bullish crossover, momentum positive.
- Bollinger Bands: Price near upper band, showing strong buying interest.
- Volume Trends: Current volume (2.37L) below 1-week average (3.41L), suggesting reduced participation but steady accumulation.
📈 Momentum & Signals
- Short-term Momentum: Strong with bullish MACD and RSI above 60.
- Entry Zone: ₹3,200–₹3,250 (near support).
- Exit Zone: ₹3,350–₹3,500 (first resistance), ₹3,800 (next resistance).
- Trend Status: Trending upward with bullish signals; reversal risk only if price falls below ₹3,064.
✅ Positive
- Strong EPS at ₹60.7, reflecting profitability.
- ROE at 13.4% and ROCE at 16.5% show efficient capital use.
- Low debt-to-equity ratio (0.04) indicates financial stability.
- PEG ratio at 1.92 suggests reasonable valuation relative to growth.
⚠️ Limitation
- High P/E ratio (66.6) compared to industry PE (33.0), indicating premium valuation.
- Quarterly PAT dropped significantly (₹111 Cr vs ₹226 Cr), showing earnings volatility.
- FII holdings decreased by -1.08%, reflecting reduced foreign investor confidence.
📰 Company Negative News
- PAT halved compared to previous quarter, raising concerns about earnings consistency.
- Stock corrected from 52-week high of ₹4,092 to current ₹3,288.
🌟 Company Positive News
- Quarterly profit variation improved by 7.11%, showing operational resilience despite decline.
- DII holdings increased by 0.89%, reflecting domestic investor confidence.
- Strong fundamentals with low debt and consistent ROE/ROCE.
🏭 Industry
- Industry PE at 33.0, lower than company PE (66.6), indicating THERMAX trades at a premium.
- Engineering and energy solutions sector remains strong with demand for sustainable technologies.
🔎 Conclusion
- THERMAX is trending upward with strong technical signals.
- Short-term traders may consider entry near ₹3,200–₹3,250 with exit around ₹3,350–₹3,500.
- Breakout above ₹3,500 could trigger rally towards ₹3,800.
- Long-term investors should weigh premium valuation against strong fundamentals and sector growth potential.