NSI Equity Snapshot

THERMAX Weekly Equity Report

Thermax Limited

Interactive chart JSON snapshot
Latest Close 4,726 INR 12 Jun 2026
1W Return -2.2% latest completed week
4W Return 5.0% short-term follow-through
12W Return 46.4% quarterly tape
Trend Breadth 25.0% 13 of 52 weeks active
Volume Ratio 0.7x vs 13-week average
Company Brief

What the company does

Thermax Limited provides energy, environmental, and chemical solutions in India and internationally. It operates in Industrial Products, Industrial Infra, Green Solutions, and Chemical segments. The Industrial Products segment offers manufacturing, installation, sales and services related to boilers and heating equipment, absorption chillers/heat pumps, air pollution control equipment/ systems, water & waste recycling, including associated services and engineering, procurement and construction. The Industrial Infra segment provides engineering, procurement, and construction (EPC) of power plants, infra projects, and flue gas desulphurisation projects, along with associated services and manufacturing, installation, sales and services related to boiler and heater …

Snapshot

What the weekly tape is saying

THERMAX closed the latest completed week at 4,726 INR. The 4-week return is 5.0% and the 12-week return is 46.4%. Trend Signal is active, Market Dynamics is 1.47. Setup signature: Balanced read with a 68/100 composite read.

Trend Signal Active
Market Dynamics No fresh buy
Price vs Trend 35.8%
Volume 0.7x
Setup Cockpit

A compressed read of the whole setup

The radar blends trend persistence, momentum, Market Dynamics, Relative Strength, volume confirmation, and risk control into one weekly cockpit.

Composite setup radar

Scoreboard

Trend 48 Persistence of active Trend Signal over the last year and current streak.
Momentum 100 Blend of 4-week and 12-week follow-through.
Dynamics 75 Latest Market Dynamics and whether pressure has improved over four weeks.
Relative Strength 100 Relative leadership and short-term RS change.
Volume 28 Participation compared with the 13-week volume baseline.
Risk Control 58 Drawdown and recent weekly volatility pressure.

16-week signal tape

27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun
Weekly return bar Trend Signal dot Positive Market Dynamics dot
Price Action

Price, Trend Line, and Fair Value

Weekly price context with the latest close, trend position, Fair Value gap, drawdown, and 52-week range location.

52-week price path

Price Trend Line Fair Value

Price map

Trend Line
3,480 INR
Vs Trend Line
35.8%
Fair Value
3,666 INR
Vs Fair Value
28.9%
52W High
5,075 INR
52W Low
2,743 INR
Drawdown
-6.9%
Range Position
85.0%
Momentum

Returns and trend persistence

Return windows separate the latest week from short-term and medium-term follow-through.

Return windows

1W -2.2%
4W 5.0%
12W 46.4%
26W 64.7%
52W 33.6%

Trend read

Active Streak
10 weeks
52W Active Weeks
13
52W Active Breadth
25.0%
Sector Scope
IN Industrials
Sector Rank
315 of 472
Sector Percentile
33.3%
Peer Context

Sector and industry pulse

Peer breadth helps separate a stock-specific move from a broader group rotation.

Market Dynamics

Pressure, Relative Strength, and expectation

Market Dynamics and Relative Strength show whether buying pressure and relative leadership are confirming the price move.

Dynamics path

Market Dynamics Relative Strength

Signal state

Market Dynamics
1.47
4W MD Change
-20.7%
Relative Strength
44.78
4W RS Change
5.2%
Expectation
Positive
Probability
59.26%
Volume

Participation and confirmation

Volume tells us whether the latest weekly move is being confirmed by unusual participation.

52-week volume profile

Volume map

Latest Volume
1.0M
13W Average
1.6M
52W Average
985.7K
Vs 13W
0.7x
Vs 52W
1.1x
Risk Anatomy

Volatility, downside weeks, and return shape

A compact risk profile shows whether the move is steady, volatile, or being driven by sharp one-week jumps.

26-week return distribution

Risk map

13W Volatility
6.7%
52W Volatility
5.0%
Upside Weeks
24
Downside Weeks
28
Downside Breadth
53.8%
Avg Gain / Loss
4.2% / -2.4%
Context

Classification, opportunities, risks, and watch points

Top-level read across company classification, constructive evidence, caution points, and the next things that matter.

Classification

Exchange
NSI
Country
IN
Sector
Industrials
Industry
Conglomerates
Currency
INR
Market Cap
561.3B

Opportunity signals

  • Trend Signal is active with a 10-week active streak.
  • Price is above the Trend Line, keeping the weekly tape constructive.
  • Price is above Fair Value, showing premium demand versus the model.
  • Market Dynamics is positive on the latest completed week.

Risk signals

  • No major top-level risk cluster is currently dominant.

Watch next

  • Trend Line remains the key weekly regime level.
  • Market Dynamics is the pressure gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Weekly Tape

Recent completed weeks

The latest weekly rows behind the report snapshot.

Week Close Return Trend Fair Value MD RS Volume Signal
12 Jun 2026 4,726 INR -2.2% 3,480 INR 3,666 INR 1.47 44.78 1.0M On
5 Jun 2026 4,832 INR -3.0% 3,423 INR 3,651 INR 1.67 50.84 1.6M On
29 May 2026 4,983 INR 11.9% 3,368 INR 3,635 INR 1.82 55.79 2.7M On
22 May 2026 4,455 INR -1.0% 3,309 INR 3,618 INR 1.76 39.76 1.1M On
15 May 2026 4,500 INR -3.8% 3,270 INR 3,604 INR 1.85 42.58 1.9M On
8 May 2026 4,678 INR 14.7% 3,225 INR 3,589 INR 1.91 46.06 4.4M On
1 May 2026 4,078 INR 1.8% 3,176 INR 3,575 INR 1.90 29.38 681.7K On
24 Apr 2026 4,006 INR -3.3% 3,147 INR 3,563 INR 1.88 28.37 993.1K On
17 Apr 2026 4,141 INR 13.7% 3,120 INR 3,552 INR 1.70 30.69 1.5M On
10 Apr 2026 3,643 INR 10.5% 3,092 INR 3,540 INR 1.60 16.90 1.4M On
3 Apr 2026 3,296 INR 3.1% 3,081 INR 3,531 INR 1.44 12.26 861.3K Off
27 Mar 2026 3,197 INR -0.9% 3,081 INR 3,525 INR 1.33 8.24 430.8K Off
20 Mar 2026 3,227 INR 0.2% 3,081 INR 3,519 INR 1.39 7.64 1.8M Off
13 Mar 2026 3,221 INR 1.9% 3,082 INR 3,512 INR 1.33 7.11 553.3K Off