Bengaluru, Aug. 1 -- A capital goods stock slipped in morning trade after posting a sequential decline in revenue and profitability for the June quarter, despite healthy order book growth and notable operational developments. Investors appeared cautious amid muted topline growth and order book pressures in the products and chemicals segment.

The company in focus is Thermax Ltd with a market capitalization of Rs. 46,144 crore, opened at Rs. 3,940.40 and hit an intraday low of Rs. 3,840, marking a 2.55 percent decline from the previous close of Rs. 3,940.40.

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Quarter-on-quarter, Thermax reported a significant moderation in its financial performance. Revenue from operations declined by 30.3 percent from Rs. 3,085 crore in ...