Thermax Ltd.’s stock experienced a remarkable 14% surge in BSE trading, reaching a record-breaking high of ₹5,347. This surge followed the release of the company’s impressive March quarter (Q4) results. The stock’s opening price of ₹4,725 swiftly climbed to its all-time high of 5,347.15, a significant milestone for the company.
Over the past year, Thermax’s stock has demonstrated a consistent upward trend. Its 52-week low of ₹2,192.70 was recorded on May 19, 2023. The company’s Q4 results further fueled the stock’s upward trajectory, with a 20% increase in consolidated net profit to ₹188 crore compared to the ₹156 crore reported in the corresponding period of the previous fiscal year. Additionally, consolidated income rose from ₹2,368.31 crore to ₹2,818.93 crore during the same period.
The positive financial performance prompted the board to recommend a dividend of ₹12 per share for the 2023-24 fiscal year, further boosting investor confidence. The Thermax stock’s performance reflects the company’s strong operational and financial fundamentals, solidifying its position in the market.
