Thermax Ltd. · Q2FY26
Result on 11 Nov 2025, first traded on 12 Nov 2025; judged on 15 Sep 2026. The last read before it, on 8 Nov 2025 (3 days ahead), called it favourable, rank 177 of 445 reporting; the share then lagged the market over ten sessions. The company's page →
read wrongverdict
favourablethe read
-9.4%vs market, 10 sessions
-4.5%T+1
1 · What the read said
morning of 8 Nov- Read
- favourable — rank 177 of 445 reporting that week
- Composite
- 53.1 out of 100
- Evidence
- partial · 11 results on record
- Expected move
- ±5.2% 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
- ₹3,190.90
Reactivity · 30%
69
Momentum · 20%
43
vs market · 30%
62
vs sector · 20%
25
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 × 69.0 + 0.20 × 43.4 + 0.30 × 62.4 + 0.20 × 25.0 = 53.1
2 · What the result was
from the filing's XBRLNo 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 resultsession closed upsession closed downNIFTY 50 (market)run-up into the result
Close before₹3,167.70the base every move below is measured from
T+1-4.5%a real move — at least 60% of its usual
T+10-7.4%market +2.0% · sector -0.3%
vs market-9.4%vs sector -7.1%
Best close after-3.4%traded as high as -1.2% on 12 Nov
Worst close after-9.5%traded as low as -10.3% on 24 Nov
Run-up, 30 sessions-2.0%into the result
52-week range39% below high5% above low
- Delivery share
- +0.1 points in the fortnight before, against the month before that
- Volume
- 0.84× its prior month, in the fortnight before
- Habit held
- continuation — could not be checked
- Announced
- Wed, timing unknown
- Peers reporting
- 9 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.
- 9 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| Morning | Days ahead | Read | Rank | Comp. | L1 | L2 | L3 | L4 | Close | Note |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 Nov judged simulated | 3 | favourable | 177/445 | 53.1 | 69 | 43 | 62 | 25 | ₹3,190.90 |
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| Session | Date | Open | High | Low | Close | Day | From base | NIFTY 50 from base | NIFTY ENERGY from base |
|---|---|---|---|---|---|---|---|---|---|
| T-28 | 29 Sep | 3,227.70 | 3,227.70 | 3,121.00 | 3,131.50 | — | -1.14% | -4.13% | -2.77% |
| T-27 | 30 Sep | 3,154.90 | 3,195.00 | 3,139.10 | 3,170.30 | +1.24% | +0.08% | -4.22% | -2.97% |
| T-26 | 1 Oct | 3,170.30 | 3,190.50 | 3,149.30 | 3,165.20 | -0.16% | -0.08% | -3.34% | -2.47% |
| T-25 | 3 Oct | 3,160.00 | 3,192.00 | 3,141.00 | 3,188.50 | +0.74% | +0.66% | -3.12% | -1.92% |
| T-24 | 6 Oct | 3,161.30 | 3,187.90 | 3,138.00 | 3,179.30 | -0.29% | +0.37% | -2.40% | -1.94% |
| T-23 | 7 Oct | 3,168.00 | 3,200.00 | 3,145.40 | 3,190.10 | +0.34% | +0.71% | -2.28% | -1.66% |
| T-22 | 8 Oct | 3,180.00 | 3,191.50 | 3,125.90 | 3,158.20 | -1.00% | -0.30% | -2.53% | -2.73% |
| T-21 | 9 Oct | 3,165.00 | 3,197.00 | 3,142.00 | 3,182.50 | +0.77% | +0.47% | -2.00% | -2.29% |
| T-20 | 10 Oct | 3,182.00 | 3,228.50 | 3,162.80 | 3,223.80 | +1.30% | +1.77% | -1.59% | -1.87% |
| T-19 | 13 Oct | 3,203.00 | 3,215.70 | 3,166.30 | 3,189.50 | -1.06% | +0.69% | -1.82% | -2.17% |
| T-18 | 14 Oct | 3,172.00 | 3,191.60 | 3,102.00 | 3,107.40 | -2.57% | -1.90% | -2.14% | -2.78% |
| T-17 | 15 Oct | 3,110.00 | 3,140.70 | 3,100.00 | 3,110.00 | +0.08% | -1.82% | -1.45% | -2.07% |
| T-16 | 16 Oct | 3,114.00 | 3,180.00 | 3,113.00 | 3,167.20 | +1.84% | -0.02% | -0.43% | -1.67% |
| T-15 | 17 Oct | 3,250.00 | 3,250.10 | 3,113.20 | 3,145.20 | -0.69% | -0.71% | +0.06% | -1.87% |
| T-14 | 20 Oct | 3,186.90 | 3,230.00 | 3,151.50 | 3,180.40 | +1.12% | +0.40% | +0.58% | -1.40% |
| T-13 | 21 Oct | 3,198.00 | 3,227.70 | 3,185.00 | 3,219.10 | +1.22% | +1.62% | +0.68% | -1.18% |
| T-12 | 23 Oct | 3,241.90 | 3,260.00 | 3,175.00 | 3,187.80 | -0.97% | +0.63% | +0.76% | -1.25% |
| T-11 | 24 Oct | 3,188.00 | 3,285.00 | 3,188.00 | 3,276.50 | +2.78% | +3.43% | +0.39% | -1.23% |
| T-10 | 27 Oct | 3,292.00 | 3,325.00 | 3,255.00 | 3,314.20 | +1.15% | +4.62% | +1.06% | -0.80% |
| T-9 | 28 Oct | 3,329.00 | 3,353.00 | 3,244.00 | 3,254.80 | -1.79% | +2.75% | +0.94% | -1.14% |
| T-8 | 29 Oct | 3,254.80 | 3,280.80 | 3,234.80 | 3,267.90 | +0.40% | +3.16% | +1.40% | +0.77% |
| T-7 | 30 Oct | 3,250.00 | 3,284.40 | 3,242.00 | 3,257.00 | -0.33% | +2.82% | +0.71% | +0.89% |
| T-6 | 31 Oct | 3,257.00 | 3,287.20 | 3,213.20 | 3,218.80 | -1.17% | +1.61% | +0.11% | +0.57% |
| T-5 | 3 Nov | 3,226.90 | 3,235.40 | 3,180.00 | 3,206.80 | -0.37% | +1.23% | +0.27% | +1.04% |
| T-4 | 4 Nov | 3,218.90 | 3,316.00 | 3,212.50 | 3,271.70 | +2.02% | +3.28% | -0.38% | +0.58% |
| T-3 | 6 Nov | 3,272.00 | 3,289.10 | 3,229.90 | 3,256.00 | -0.48% | +2.79% | -0.72% | -0.64% |
| T-2 | 7 Nov | 3,225.00 | 3,233.20 | 3,160.40 | 3,190.90 | -2.00% | +0.73% | -0.79% | -0.78% |
| T-1 | 10 Nov | 3,170.10 | 3,195.50 | 3,121.60 | 3,138.60 | -1.64% | -0.92% | -0.47% | -0.41% |
| base | 11 Nov | 3,138.60 | 3,200.00 | 3,136.00 | 3,167.70 | +0.93% | +0.00% | +0.00% | +0.00% |
| T+1 | 12 Nov result | 3,071.00 | 3,128.30 | 2,986.00 | 3,061.20 | -3.36% | -3.36% | +0.70% | +0.60% |
| T+2 | 13 Nov | 3,057.10 | 3,064.70 | 3,006.00 | 3,024.10 | -1.21% | -4.53% | +0.72% | +0.33% |
| T+3 | 14 Nov | 3,020.20 | 3,039.30 | 2,998.50 | 3,006.00 | -0.60% | -5.10% | +0.84% | +0.53% |
| T+4 | 17 Nov | 3,018.00 | 3,054.90 | 3,000.00 | 3,012.90 | +0.23% | -4.89% | +1.24% | +1.03% |
| T+5 | 18 Nov | 3,010.50 | 3,013.70 | 2,937.20 | 2,943.40 | -2.31% | -7.08% | +0.84% | +0.43% |
| T+6 | 19 Nov | 2,940.00 | 2,968.20 | 2,895.00 | 2,921.90 | -0.73% | -7.76% | +1.39% | +0.17% |
| T+7 | 20 Nov | 2,944.40 | 2,985.90 | 2,905.70 | 2,968.20 | +1.58% | -6.30% | +1.94% | +0.45% |
| T+8 | 21 Nov | 2,967.80 | 2,967.80 | 2,880.00 | 2,886.70 | -2.75% | -8.87% | +1.45% | -0.60% |
| T+9 | 24 Nov | 2,885.10 | 2,897.80 | 2,840.00 | 2,867.20 | -0.68% | -9.49% | +1.03% | -1.78% |
| T+10 | 25 Nov | 2,864.00 | 2,893.00 | 2,842.00 | 2,882.80 | +0.54% | -8.99% | +0.74% | -1.99% |
| T+11 | 26 Nov | 2,934.00 | 2,952.70 | 2,876.00 | 2,933.00 | +1.74% | -7.41% | +1.99% | -0.29% |
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.