Thermax is currently trading at Rs. 742.35, up by 13.20 points or 1.81% from its previous closing of Rs. 729.15 on the BSE.
The scrip opened at Rs. 733.35 and has touched a high and low of Rs. 748.55 and Rs. 730.00 respectively. So far 853 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1180.00 on 23-Sep-2019 and a 52 week low of Rs. 644.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 786.35 and Rs. 719.15 respectively. The current market cap of the company is Rs. 8790.16 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 25.35% and 12.67% respectively.
Thermax has resumed all its manufacturing plants operations based on Government of India and State Government approvals received from appropriate local authorities, post completion of mandatory safety check and training of personnel on physical distancing, health and hygiene as per the guidelines stipulated by the Ministry of Home Affairs of the Government of India.
Chemical manufacturing units at Jhagadia and Dahej in Gujarat and Paudh in Maharashtra were the first to resume production and other manufacturing facilities viz., Savli in Gujarat, Sricity in Andhra Pradesh and Chinchwad, Shirwal and Solapur in Maharashtra progressively have commenced operations. The project / O&M sites of customers which had been shut down in the last week of March have started functioning for most of the locations. The company is gradually reopening its offices across various states in line with guidelines from local authorities.
Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.