India, Dec. 7 -- Thermax's stock has fallen sharply amid weak Q2 results, cost overruns and margin pressure, yet remains highly valued as investors bet on management's strong growth guidance, improving order flow and margin recovery ahead.

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Thermax Limited, a leading energy and environment solutions provider, is engaged in the business that includes manufacturing, installation, sale and services related to industrial products, industrial infra and chemicals. The stock has fallen by around 28 percent in 2025 and nearly 40 percent in the last one year.

With a market cap of Rs. 33,900 crores, shares of Thermax Limited closed in the red at Rs. 2,845 on BSE, down by around 1 percent, as against its previous closing price of ...