Thermax Ltd. · Q3FY26
Result on 2 Feb 2026, first traded on 3 Feb 2026; judged on 15 Sep 2026. The last read before it, on 31 Jan 2026 (2 days ahead), called it strong, rank 57 of 298 reporting; the share then beat the market over ten sessions. The company's page →
read rightverdict
strongthe read
+5.4%vs market, 10 sessions
+4.2%T+1
1 · What the read said
morning of 31 Jan- Read
- strong — rank 57 of 298 reporting that week
- Composite
- 66.6 out of 100
- Evidence
- full · 12 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
- ₹2,878.00
Reactivity · 30%
73
Momentum · 20%
59
vs market · 30%
96
vs sector · 20%
20
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 × 73.2 + 0.20 × 59.4 + 0.30 × 95.6 + 0.20 × 20.3 = 66.6
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₹2,829.70the base every move below is measured from
T+1+4.2%a real move — at least 60% of its usual
T+10+7.9%market +2.5% · sector +5.1%
vs market+5.4%vs sector +2.8%
Best close after+7.9%traded as high as +9.2% on 3 Feb
Worst close after+0.1%traded as low as -2.8% on 13 Feb
Run-up, 30 sessions-0.7%into the result
52-week range28% below high2% above low
- Delivery share
- -3.0 points in the fortnight before, against the month before that
- Volume
- 0.88× its prior month, in the fortnight before
- Habit held
- continuation — could not be checked
- Announced
- Tue, timing unknown
- Peers reporting
- 10 sector peers reported the same week
4 · Why it went this way
- Its sector moved +5.1% over the window.
- No reported figures on file for this quarter, so the result itself could not be judged.
- Went into the result within 5% of its 52-week low.
- 10 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Jan judged simulated | 2 | strong | 57/298 | 66.6 | 73 | 59 | 96 | 20 | ₹2,878.00 |
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| Session | Date | Open | High | Low | Close | Day | From base | NIFTY 50 from base | NIFTY ENERGY from base |
|---|---|---|---|---|---|---|---|---|---|
| T-27 | 22 Dec | 2,889.90 | 2,891.80 | 2,859.60 | 2,877.00 | — | +1.67% | +4.32% | +1.19% |
| T-26 | 23 Dec | 2,881.70 | 2,945.00 | 2,866.80 | 2,931.70 | +1.90% | +3.60% | +4.34% | +1.74% |
| T-25 | 24 Dec | 2,944.00 | 3,008.00 | 2,912.90 | 3,000.60 | +2.35% | +6.04% | +4.20% | +1.39% |
| T-24 | 26 Dec | 3,008.90 | 3,017.10 | 2,963.70 | 3,012.40 | +0.39% | +6.46% | +3.80% | +1.29% |
| T-23 | 29 Dec | 3,020.50 | 3,025.30 | 2,991.90 | 3,008.60 | -0.13% | +6.32% | +3.40% | +0.74% |
| T-22 | 30 Dec | 2,995.20 | 3,030.00 | 2,942.10 | 3,013.50 | +0.16% | +6.50% | +3.39% | +0.58% |
| T-21 | 31 Dec | 3,030.00 | 3,041.00 | 2,989.10 | 3,022.60 | +0.30% | +6.82% | +4.15% | +2.06% |
| T-20 | 1 Jan | 3,023.10 | 3,080.00 | 3,003.60 | 3,063.40 | +1.35% | +8.26% | +4.22% | +2.58% |
| T-19 | 2 Jan | 3,065.90 | 3,070.20 | 3,007.00 | 3,025.90 | -1.22% | +6.93% | +4.94% | +4.80% |
| T-18 | 5 Jan | 3,039.90 | 3,080.00 | 3,019.40 | 3,070.60 | +1.48% | +8.51% | +4.63% | +4.15% |
| T-17 | 6 Jan | 3,070.60 | 3,111.00 | 3,011.00 | 3,087.60 | +0.55% | +9.11% | +4.35% | +3.57% |
| T-16 | 7 Jan | 3,100.00 | 3,100.50 | 3,020.00 | 3,069.30 | -0.59% | +8.47% | +4.19% | +3.32% |
| T-15 | 8 Jan | 3,080.00 | 3,120.00 | 3,042.60 | 3,061.40 | -0.26% | +8.19% | +3.14% | +0.34% |
| T-14 | 9 Jan | 3,050.00 | 3,050.00 | 2,986.10 | 3,023.40 | -1.24% | +6.85% | +2.37% | -0.59% |
| T-13 | 12 Jan | 3,020.00 | 3,049.00 | 2,919.90 | 2,949.40 | -2.45% | +4.23% | +2.80% | -0.40% |
| T-12 | 13 Jan | 2,942.00 | 2,975.80 | 2,925.60 | 2,964.20 | +0.50% | +4.75% | +2.57% | -0.57% |
| T-11 | 14 Jan | 2,951.00 | 2,986.20 | 2,940.50 | 2,971.80 | +0.26% | +5.02% | +2.30% | +0.03% |
| T-10 | 16 Jan | 2,947.00 | 2,975.00 | 2,920.00 | 2,970.30 | -0.05% | +4.97% | +2.42% | -0.77% |
| T-9 | 19 Jan | 2,950.40 | 2,956.80 | 2,926.70 | 2,937.70 | -1.10% | +3.82% | +1.98% | -1.43% |
| T-8 | 20 Jan | 2,925.00 | 2,960.40 | 2,895.40 | 2,921.40 | -0.55% | +3.24% | +0.57% | -3.62% |
| T-7 | 21 Jan | 2,909.90 | 2,943.00 | 2,847.80 | 2,929.40 | +0.27% | +3.52% | +0.28% | -3.59% |
| T-6 | 22 Jan | 2,934.90 | 2,947.50 | 2,897.70 | 2,908.30 | -0.72% | +2.78% | +0.80% | -2.50% |
| T-5 | 23 Jan | 2,900.00 | 2,959.90 | 2,900.00 | 2,920.60 | +0.42% | +3.21% | -0.16% | -4.38% |
| T-4 | 27 Jan | 2,920.60 | 2,944.70 | 2,811.00 | 2,831.00 | -3.07% | +0.05% | +0.35% | -3.81% |
| T-3 | 28 Jan | 2,839.00 | 2,904.00 | 2,827.10 | 2,870.40 | +1.39% | +1.44% | +1.01% | +0.21% |
| T-2 | 29 Jan | 2,870.40 | 2,880.60 | 2,785.00 | 2,795.20 | -2.62% | -1.22% | +1.32% | +2.09% |
| T-1 | 30 Jan | 2,808.80 | 2,917.50 | 2,751.10 | 2,878.00 | +2.96% | +1.71% | +0.93% | +1.52% |
| base | 2 Feb | 2,902.00 | 2,926.00 | 2,806.00 | 2,829.70 | -1.68% | +0.00% | +0.00% | +0.00% |
| T+1 | 3 Feb result | 3,090.00 | 3,090.00 | 2,900.40 | 2,950.00 | +4.25% | +4.25% | +2.55% | +3.02% |
| T+2 | 4 Feb | 2,949.00 | 2,963.90 | 2,886.20 | 2,949.90 | -0.00% | +4.25% | +2.74% | +5.08% |
| T+3 | 5 Feb | 2,960.00 | 2,964.70 | 2,899.10 | 2,908.50 | -1.40% | +2.78% | +2.21% | +4.67% |
| T+4 | 6 Feb | 2,908.50 | 2,915.00 | 2,847.00 | 2,872.60 | -1.23% | +1.52% | +2.41% | +5.31% |
| T+5 | 9 Feb | 2,919.00 | 2,929.70 | 2,855.00 | 2,893.30 | +0.72% | +2.25% | +3.10% | +5.68% |
| T+6 | 10 Feb | 2,924.00 | 2,970.00 | 2,901.30 | 2,960.20 | +2.31% | +4.61% | +3.38% | +5.94% |
| T+7 | 11 Feb | 2,985.70 | 2,985.70 | 2,920.50 | 2,931.60 | -0.97% | +3.60% | +3.45% | +5.91% |
| T+8 | 12 Feb | 2,931.60 | 2,949.00 | 2,815.10 | 2,831.60 | -3.41% | +0.07% | +2.87% | +5.31% |
| T+9 | 13 Feb | 2,829.50 | 2,895.00 | 2,749.80 | 2,886.70 | +1.95% | +2.01% | +1.53% | +3.17% |
| T+10 | 16 Feb | 2,886.10 | 2,940.00 | 2,845.40 | 2,924.20 | +1.30% | +3.34% | +2.37% | +5.12% |
| T+11 | 17 Feb | 2,915.60 | 3,064.40 | 2,915.60 | 3,054.20 | +4.45% | +7.93% | +2.54% | +5.13% |
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.