News for Thermax Limited (THERMAX.BO)

May 12, 2025 / 05:45AM GMTOperator Ladies and gentlemen, good day, and welcome to Thermax Limited Q4 FY25 earnings conference call hosted by DAM Capital. (Opera

Markets traded range-bound on April expiry day amid global selling pressure and weak FMCG earnings; analysts expect continued consolidation and advise stock-specific buying on dips.

Stocks including UltraTech Cement, Zomato, Jio Financial, Nestle India, Mazagon Dock Shipbuilders, Jupiter Wagons, GR Infra and Thermax will be in the spotlight on Friday, April 04.

The revenue growth of the top 100 large and liquid companies listed on the Bombay Stock Exchange (BSE) slowed significantly in 2024 compared to the previous year. While revenues grew by 9%, net profits surged by 32%, five times more than the 7% profit increase in 2023, reflecting successful cost-control measures.

Thermax partners with OCQ to establish a new joint venture in India, focusing on acrylic resins production and future expansions.

Carborundum Universal surged by up to 8.2% on Tuesday, reaching Rs 912.45 on the BSE, while Praj Industries gained 6.5%, hitting Rs 508. Kotak Equities increased its target price for Carborundum to Rs 980, suggesting a possible 7.4% upside from the current price.

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March has historically favoured the bulls, delivering positive returns in 10 of the last 15 years; analysts say there may be some recovery

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The Q3FY25 results for mid and small cap companies saw more downgrades compared to large caps against the previous quarter, as majority of the companies were facing either top line and margin pressures.

Indian markets closed nearly flat as IT gains offset consumer stock declines. Persistent FII outflows, weak earnings, and global trade worries kept sentiment cautious, while small and midcap stocks lagged due to valuation concerns.

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NTHMX.NS - Thermax LimitedQ3 2025 Thermax Limited Earnings CallFeb 07, 2025 / 05:45AM GMT =====

Indian markets closed slightly lower as gains in financial and oil & gas stocks were offset by consumer sector declines. Investors remained cautious ahead of the RBI policy meeting, with expectations of a rate cut driving interest in rate-sensitive sectors.

Power Grid, Gland Pharma, Lupin, Godrej Properties, Garden Reach, JK Tyres, DOMS Industries, Castrol India and more will be in the spotlight on Tuesday, February 04.

This week, 748 companies will announce quarterly earnings, with key results expected from Asian Paints, Titan, Airtel, SBI, M&M, ITC, and LIC. Sector highlights include Power Grid, Divi's Labs, Tata Power, and Bharti Airtel, among others. Notable earnings announcements span from February 3 to February 8, indicating a busy week for the markets.

As India approaches Budget 2025, expectations are high for a focus on capital expenditure to drive economic recovery. Analysts highlight sectors like power, renewable energy, and defence for growth, recommending stocks such as Hitachi Energy, Siemens, and L&T. Despite recent market declines, experts see opportunities in select industries, urging investors to adopt a long-term, buy-on-dips strategy.

The Indian stock market ended in the green for the second day, supported by gains in financials and Reliance Industries despite pressure from pharma and auto stocks. Analysts cited volatility due to US bond yields and dollar strength, with positive sentiment persisting above 23,000 on the Nifty index.

Eicher Motors Ltd., BSE Ltd., ABB India Ltd., Larsen & Toubro Ltd. and Titan Co. are among the companies that Jefferies expects will post strong third quarter earnings this season, amid a dim forecast for broader India Inc. Jefferies projects earnings growth for companies in its coverage, excluding oil and gas and metals, to decline by two percentage points on a sequential basis to an 18-quarter low of 8% year-on-year on a sharp slowdown in lending financial earnings.

Indian markets declined on Monday, with selling pressure in banks and auto stocks. Subdued trading volumes and FII outflows weighed on sentiment. A strengthening dollar and high valuations also impacted the market. IT and pharma sectors outperformed.