Every result, read before it lands. Judged after.
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Closed Close 6 Oct

Thermax Ltd. · Q1FY26

Result on 31 Jul 2025, first traded on 1 Aug 2025; judged on 15 Sep 2026. The last read before it, on 26 Jul 2025 (5 days ahead), called it favourable, rank 73 of 246 reporting; the share then lagged the market over ten sessions. The company's page →

read wrongverdict
favourablethe read
-17.3%vs market, 10 sessions
-10.2%T+1

1 · What the read said

morning of 26 Jul
Read
favourable — rank 73 of 246 reporting that week
Composite
63.7 out of 100
Evidence
partial · 10 results on record
Expected move
±4.7% on the day — its average absolute move on results
Habit
continuation — the day-one move usually carries on over the following sessions
Close that morning
₹3,739.00
Reactivity · 30% 64
Momentum · 20% 46
vs market · 30% 93
vs sector · 20% 37

Each layer is a percentile among that week's reporters (0–100). A missing layer's weight is spread over the others.

Composite = 0.30 × 64.1 + 0.20 × 46.5 + 0.30 × 92.7 + 0.20 × 36.7 = 63.7

2 · What the result was

from the filing's XBRL

No reported figures on file for this quarter, so the result itself could not be graded — only the share's reaction was.

3 · What the share did

thirty sessions in, the result day, ten out · from the close before the result
session closed upsession closed downNIFTY 50 (market)run-up into the result
-20%-10%0%+10%T−30result · 1 Aug 2025T+10NIFTY 50 +0.4%20 Jun 2025 run-up close -13.1% high -10.0% low -14.9%23 Jun 2025 run-up close -11.7% high -11.0% low -14.0%24 Jun 2025 run-up close -12.2% high -11.4% low -13.5%25 Jun 2025 run-up close -12.6% high -11.5% low -13.5%26 Jun 2025 run-up close -12.1% high -10.9% low -12.6%27 Jun 2025 run-up close -15.0% high -12.1% low -15.5%30 Jun 2025 run-up close -13.2% high -12.4% low -14.7%1 Jul 2025 run-up close -14.8% high -12.2% low -15.2%2 Jul 2025 run-up close -13.4% high -11.3% low -15.0%3 Jul 2025 run-up close -11.6% high -9.1% low -13.2%4 Jul 2025 run-up close -12.2% high -11.2% low -13.0%7 Jul 2025 run-up close -12.5% high -11.0% low -13.2%8 Jul 2025 run-up close -12.4% high -11.8% low -14.1%9 Jul 2025 run-up close -13.0% high -12.2% low -13.4%10 Jul 2025 run-up close -12.8% high -12.3% low -13.4%11 Jul 2025 run-up close -12.1% high -11.5% low -13.5%14 Jul 2025 run-up close -12.6% high -11.8% low -13.2%15 Jul 2025 run-up close -11.7% high -11.7% low -12.8%16 Jul 2025 run-up close -7.5% high -4.9% low -11.6%17 Jul 2025 run-up close -1.4% high +3.8% low -6.1%18 Jul 2025 run-up close -1.3% high +0.5% low -2.0%21 Jul 2025 run-up close -0.9% high -0.1% low -2.6%22 Jul 2025 run-up close +0.1% high +1.6% low -1.7%23 Jul 2025 run-up close -1.8% high +0.4% low -2.5%24 Jul 2025 run-up close -2.3% high -0.3% low -2.8%25 Jul 2025 run-up close -5.1% high -2.3% low -5.6%28 Jul 2025 run-up close -5.5% high -4.1% low -6.3%29 Jul 2025 run-up close -4.1% high -3.7% low -6.3%30 Jul 2025 run-up close -2.6% high -2.3% low -3.9%31 Jul 2025 run-up close 0.0% high +0.9% low -5.2%1 Aug 2025 result day close -4.1% high +0.2% low -4.6%4 Aug 2025 T+1 close -10.2% high -2.9% low -10.7%5 Aug 2025 T+2 close -9.7% high -9.2% low -12.3%6 Aug 2025 T+3 close -12.3% high -8.9% low -12.7%7 Aug 2025 T+4 close -15.5% high -12.5% low -16.7%8 Aug 2025 T+5 close -16.9% high -15.6% low -18.0%11 Aug 2025 T+6 close -16.9% high -16.1% low -18.1%12 Aug 2025 T+7 close -16.3% high -15.7% low -16.9%13 Aug 2025 T+8 close -16.2% high -15.4% low -18.8%14 Aug 2025 T+9 close -16.9% high -15.9% low -17.2%18 Aug 2025 T+10 close -16.8% high -15.6% low -17.2%-4.1% on the dayNIFTY 50 +0.4%Share -16.8%
Close before₹3,940.40the base every move below is measured from
T+1-10.2%a real move — at least 60% of its usual
T+10-16.8%market +0.4% · sector -1.8%
vs market-17.3%vs sector -15.0%
Best close after-4.1%traded as high as +0.2% on 1 Aug
Worst close after-16.9%traded as low as -18.8% on 13 Aug
Run-up, 30 sessions+11.4%into the result
52-week range27% below high31% above low
Delivery share
-18.5 points in the fortnight before, against the month before that
Volume
0.49× its prior month, in the fortnight before
Habit held
continuation — did not hold this quarter
Announced
Fri, timing unknown
Peers reporting
15 sector peers reported the same week

4 · Why it went this way

  • No reported figures on file for this quarter, so the result itself could not be judged.
  • Its usual continuation pattern did not hold this quarter.
  • 15 sector peers reported the same week; the sector read may already have been set.

A strong or favourable read is right when the share beat the market by more than 2% over ten sessions; weak or unfavourable when it lagged by more. Inside ±2% is flat. Neutral reads make no call.

5 · Every morning's read before it

1 mornings
MorningDays aheadReadRankComp.L1L2L3L4CloseNote
26 Jul judged simulated 5 favourable 73/246 63.7 64 46 93 37 ₹3,739.00

A read is made each morning the company is due within seven days. The highlighted morning is the last one before the result — the read this post-mortem judges. Excluded mornings show why the name dropped out that day.

6 · Every session in the window

the last stop · each close, and where it stood against the close before the result
SessionDateOpenHighLowCloseDayFrom baseNIFTY 50 from baseNIFTY ENERGY from base
T-29 20 Jun 3,535.80 3,547.70 3,354.00 3,423.10 — -13.13% +1.39% +1.38%
T-28 23 Jun 3,400.00 3,505.00 3,390.20 3,477.70 +1.60% -11.74% +0.82% +1.40%
T-27 24 Jun 3,480.00 3,489.90 3,407.00 3,459.30 -0.53% -12.21% +1.11% +1.74%
T-26 25 Jun 3,464.90 3,485.90 3,407.00 3,444.50 -0.43% -12.59% +1.92% +2.01%
T-25 26 Jun 3,452.00 3,510.00 3,445.00 3,463.00 +0.54% -12.12% +3.15% +3.03%
T-24 27 Jun 3,464.00 3,464.00 3,331.00 3,347.80 -3.33% -15.04% +3.51% +4.06%
T-23 30 Jun 3,360.00 3,452.00 3,360.00 3,419.30 +2.14% -13.22% +3.02% +4.14%
T-22 1 Jul 3,428.60 3,461.20 3,340.00 3,356.70 -1.83% -14.81% +3.12% +3.88%
T-21 2 Jul 3,387.60 3,494.00 3,349.60 3,412.20 +1.65% -13.40% +2.77% +3.46%
T-20 3 Jul 3,429.70 3,583.70 3,420.90 3,483.90 +2.10% -11.59% +2.57% +3.55%
T-19 4 Jul 3,485.00 3,498.00 3,430.00 3,458.50 -0.73% -12.23% +2.80% +3.97%
T-18 7 Jul 3,455.00 3,506.30 3,421.00 3,446.20 -0.36% -12.54% +2.80% +4.03%
T-17 8 Jul 3,426.00 3,475.00 3,384.10 3,453.50 +0.21% -12.36% +3.04% +4.24%
T-16 9 Jul 3,432.70 3,459.50 3,412.20 3,426.40 -0.78% -13.04% +2.86% +3.99%
T-15 10 Jul 3,432.00 3,455.40 3,412.00 3,434.40 +0.23% -12.84% +2.37% +3.79%
T-14 11 Jul 3,407.50 3,486.00 3,407.50 3,465.00 +0.89% -12.06% +1.54% +2.80%
T-13 14 Jul 3,430.40 3,474.80 3,420.00 3,444.20 -0.60% -12.59% +1.27% +3.09%
T-12 15 Jul 3,459.80 3,481.00 3,435.50 3,479.40 +1.02% -11.70% +1.73% +3.40%
T-11 16 Jul 3,495.00 3,747.00 3,485.10 3,645.80 +4.78% -7.48% +1.79% +3.52%
T-10 17 Jul 3,701.00 4,091.80 3,701.00 3,885.90 +6.59% -1.38% +1.39% +3.76%
T-9 18 Jul 3,906.90 3,960.00 3,860.00 3,888.40 +0.06% -1.32% +0.81% +3.18%
T-8 21 Jul 3,890.10 3,938.10 3,838.30 3,903.10 +0.38% -0.95% +1.30% +3.22%
T-7 22 Jul 3,904.00 4,003.10 3,874.20 3,944.50 +1.06% +0.10% +1.18% +3.08%
T-6 23 Jul 3,940.00 3,957.70 3,840.00 3,869.20 -1.91% -1.81% +1.82% +3.38%
T-5 24 Jul 3,889.00 3,930.00 3,831.20 3,850.40 -0.49% -2.28% +1.19% +2.65%
T-4 25 Jul 3,850.00 3,850.00 3,720.80 3,739.00 -2.89% -5.11% +0.28% +0.38%
T-3 28 Jul 3,751.50 3,779.20 3,691.20 3,722.70 -0.44% -5.52% -0.35% -0.27%
T-2 29 Jul 3,713.00 3,794.00 3,691.30 3,778.60 +1.50% -4.11% +0.21% +0.84%
T-1 30 Jul 3,795.00 3,850.00 3,786.70 3,837.10 +1.55% -2.62% +0.35% +0.87%
base 31 Jul 3,790.00 3,975.00 3,737.00 3,940.40 +2.69% +0.00% +0.00% +0.00%
T+1 1 Aug result 3,940.40 3,950.00 3,760.00 3,778.70 -4.10% -4.10% -0.82% -0.65%
T+2 4 Aug 3,790.00 3,825.50 3,520.00 3,539.00 -6.34% -10.19% -0.18% -0.55%
T+3 5 Aug 3,547.00 3,576.50 3,455.00 3,557.00 +0.51% -9.73% -0.48% -0.57%
T+4 6 Aug 3,558.00 3,588.00 3,441.50 3,454.20 -2.89% -12.34% -0.78% -1.23%
T+5 7 Aug 3,441.50 3,447.00 3,281.80 3,328.20 -3.65% -15.54% -0.70% -1.43%
T+6 8 Aug 3,325.00 3,326.00 3,232.10 3,272.70 -1.67% -16.94% -1.64% -2.06%
T+7 11 Aug 3,250.00 3,306.50 3,225.70 3,273.60 +0.03% -16.92% -0.74% -1.44%
T+8 12 Aug 3,290.00 3,320.00 3,273.60 3,297.90 +0.74% -16.31% -1.13% -1.07%
T+9 13 Aug 3,330.00 3,335.00 3,201.10 3,300.90 +0.09% -16.23% -0.60% -1.07%
T+10 14 Aug 3,287.10 3,312.00 3,264.30 3,274.30 -0.81% -16.90% -0.55% -1.84%
T+11 18 Aug 3,307.90 3,325.00 3,263.80 3,276.60 +0.07% -16.85% +0.44% -1.80%

Prices are end-of-day from the exchange, adjusted for corporate actions. "From base" is the move from the close before the result — the same base every number on this page uses. Sessions before the base are the run-up.