Thermax Ltd. · Q4FY26
Result on 7 May 2026, first traded on 8 May 2026; judged on 15 Sep 2026. The last read before it, on 2 May 2026 (5 days ahead), called it strong, rank 3 of 162 reporting; the share then beat the market over ten sessions. The company's page →
read rightverdict
strongthe read
+9.0%vs market, 10 sessions
+8.7%T+1
1 · What the read said
morning of 2 May- Read
- strong — rank 3 of 162 reporting that week
- Composite
- 89.0 out of 100
- Evidence
- full · 13 results on record
- Expected move
- ±5.1% 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
- ₹4,077.60
Reactivity · 30%
76
Momentum · 20%
100
vs market · 30%
89
vs sector · 20%
97
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 × 76.4 + 0.20 × 100.0 + 0.30 × 88.8 + 0.20 × 97.2 = 89.0
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₹4,182.30the base every move below is measured from
T+1+8.7%a real move — at least 60% of its usual
T+10+6.5%market -2.5% · sector -2.2%
vs market+9.0%vs sector +8.7%
Best close after+11.8%traded as high as +16.7% on 11 May
Worst close after+5.0%traded as low as +3.0% on 8 May
Run-up, 30 sessions+34.9%flagged — a big move into the result
52-week range0% below high51% above low
- Delivery share
- -3.8 points in the fortnight before, against the month before that
- Volume
- 0.66× its prior month, in the fortnight before
- Habit held
- continuation — held this quarter
- Announced
- Fri, timing unknown
- Peers reporting
- 9 sector peers reported the same week
4 · Why it went this way
- Ran up 35% in the 30 sessions before the result — a good number had little left to reward.
- No reported figures on file for this quarter, so the result itself could not be judged.
- Went into the result within 3% of its 52-week high.
- Its continuation habit held this quarter.
- 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2 May judged simulated | 5 | strong | 3/162 | 89.0 | 76 | 100 | 89 | 97 | ₹4,077.60 |
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 | 24 Mar | 3,125.00 | 3,252.00 | 3,073.80 | 3,191.60 | — | -23.69% | -5.81% | -14.73% |
| T-26 | 25 Mar | 3,205.50 | 3,301.80 | 3,203.50 | 3,249.20 | +1.80% | -22.31% | -4.19% | -13.58% |
| T-25 | 27 Mar | 3,227.90 | 3,228.80 | 3,141.00 | 3,196.90 | -1.61% | -23.56% | -6.20% | -14.41% |
| T-24 | 30 Mar | 3,258.90 | 3,340.00 | 3,143.00 | 3,260.70 | +2.00% | -22.04% | -8.20% | -15.29% |
| T-23 | 1 Apr | 3,299.00 | 3,353.00 | 3,272.00 | 3,345.40 | +2.60% | -20.01% | -6.77% | -13.95% |
| T-22 | 2 Apr | 3,268.10 | 3,337.50 | 3,208.60 | 3,295.70 | -1.49% | -21.20% | -6.63% | -14.20% |
| T-21 | 6 Apr | 3,295.80 | 3,320.00 | 3,232.10 | 3,276.60 | -0.58% | -21.66% | -5.58% | -13.98% |
| T-20 | 7 Apr | 3,276.60 | 3,276.60 | 3,192.70 | 3,213.80 | -1.92% | -23.16% | -4.95% | -13.52% |
| T-19 | 8 Apr | 3,330.90 | 3,331.00 | 3,196.60 | 3,291.60 | +2.42% | -21.30% | -1.35% | -11.36% |
| T-18 | 9 Apr | 3,296.00 | 3,586.00 | 3,255.00 | 3,535.10 | +7.40% | -15.47% | -2.27% | -10.63% |
| T-17 | 10 Apr | 3,535.10 | 3,665.00 | 3,530.00 | 3,643.00 | +3.05% | -12.89% | -1.13% | -9.64% |
| T-16 | 13 Apr | 3,596.00 | 3,889.60 | 3,537.60 | 3,870.80 | +6.25% | -7.45% | -1.99% | -9.59% |
| T-15 | 15 Apr | 3,897.00 | 4,099.00 | 3,875.00 | 4,085.00 | +5.53% | -2.33% | -0.39% | -7.65% |
| T-14 | 16 Apr | 4,085.00 | 4,185.80 | 4,040.60 | 4,126.40 | +1.01% | -1.34% | -0.53% | -7.19% |
| T-13 | 17 Apr | 4,112.00 | 4,170.00 | 4,058.00 | 4,141.40 | +0.36% | -0.98% | +0.11% | -5.49% |
| T-12 | 20 Apr | 4,141.40 | 4,305.00 | 4,061.80 | 4,185.20 | +1.06% | +0.07% | +0.16% | -4.76% |
| T-11 | 21 Apr | 4,208.00 | 4,250.00 | 4,021.10 | 4,125.10 | -1.44% | -1.37% | +1.03% | -4.39% |
| T-10 | 22 Apr | 4,148.40 | 4,166.10 | 4,047.00 | 4,053.10 | -1.75% | -3.09% | +0.21% | -3.03% |
| T-9 | 23 Apr | 4,053.10 | 4,148.60 | 4,030.20 | 4,059.70 | +0.16% | -2.93% | -0.63% | -2.78% |
| T-8 | 24 Apr | 4,060.00 | 4,095.50 | 3,988.70 | 4,006.50 | -1.31% | -4.20% | -1.76% | -3.01% |
| T-7 | 27 Apr | 4,023.00 | 4,183.60 | 3,996.00 | 4,156.30 | +3.74% | -0.62% | -0.96% | -1.57% |
| T-6 | 28 Apr | 4,167.00 | 4,174.90 | 3,980.00 | 4,015.30 | -3.39% | -3.99% | -1.36% | -0.37% |
| T-5 | 29 Apr | 4,050.00 | 4,058.40 | 3,960.00 | 3,990.00 | -0.63% | -4.60% | -0.61% | -0.44% |
| T-4 | 30 Apr | 4,000.00 | 4,107.80 | 3,922.50 | 4,077.60 | +2.20% | -2.50% | -1.35% | -0.90% |
| T-3 | 4 May | 4,077.60 | 4,205.00 | 4,056.70 | 4,179.80 | +2.51% | -0.06% | -0.85% | -0.42% |
| T-2 | 5 May | 4,199.00 | 4,209.20 | 4,100.00 | 4,113.60 | -1.58% | -1.64% | -1.21% | -0.37% |
| T-1 | 6 May | 4,148.80 | 4,150.00 | 4,059.40 | 4,076.90 | -0.89% | -2.52% | +0.02% | -0.81% |
| base | 7 May | 4,097.10 | 4,290.00 | 4,088.40 | 4,182.30 | +2.59% | +0.00% | +0.00% | +0.00% |
| T+1 | 8 May result | 4,370.00 | 4,759.00 | 4,306.00 | 4,677.50 | +11.84% | +11.84% | -0.62% | -0.84% |
| T+2 | 11 May | 4,707.00 | 4,880.00 | 4,500.50 | 4,545.10 | -2.83% | +8.67% | -2.10% | -2.67% |
| T+3 | 12 May | 4,561.60 | 4,564.50 | 4,401.90 | 4,483.00 | -1.37% | +7.19% | -3.89% | -3.89% |
| T+4 | 13 May | 4,535.80 | 4,730.00 | 4,486.00 | 4,546.50 | +1.42% | +8.71% | -3.76% | -3.21% |
| T+5 | 14 May | 4,588.90 | 4,619.90 | 4,491.90 | 4,597.70 | +1.13% | +9.93% | -2.62% | -2.58% |
| T+6 | 15 May | 4,640.90 | 4,660.00 | 4,488.60 | 4,500.40 | -2.12% | +7.61% | -2.81% | -3.22% |
| T+7 | 18 May | 4,458.60 | 4,498.00 | 4,356.00 | 4,393.30 | -2.38% | +5.05% | -2.78% | -3.94% |
| T+8 | 19 May | 4,397.40 | 4,498.50 | 4,335.10 | 4,416.60 | +0.53% | +5.60% | -2.91% | -3.82% |
| T+9 | 20 May | 4,380.10 | 4,456.40 | 4,330.00 | 4,415.10 | -0.03% | +5.57% | -2.74% | -2.40% |
| T+10 | 21 May | 4,449.80 | 4,620.90 | 4,449.70 | 4,575.00 | +3.62% | +9.39% | -2.76% | -2.10% |
| T+11 | 22 May | 4,568.00 | 4,636.00 | 4,421.60 | 4,454.60 | -2.63% | +6.51% | -2.50% | -2.20% |
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.