News for Thermax Limited (THERMAX.BO)

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.

INDIA-STOCKS:India’s Nifty 50 may open marginally higher; Cipla in focus

The markets on Wednesday extended the fourth consecutive day of declines driven by concerns over weak earnings and foreign fund outflows.

Stocks including Swiggy, PNB Housing, Nykaa, ACME Solar, BSE, Tata Chemicals, Varun Beverages, PNC Infratech and more will be in the spotlight on Wednesday, November 13.

Major companies like Eicher Motors and Torrent Power are set to release their Q2 earnings today, while highly anticipated IPOs, including Swiggy and Zinka Logistics, will debut on the stock market.

Over 2500 companies, including prominent names like ONGC, Hindalco, and Hero MotoCorp, are set to release their second-quarter earnings this week. Early reports suggest muted results, with analysts predicting the slowest growth in over four years due to a marginal 2% rise in Nifty earnings.