{"id":11562,"date":"2026-11-09T18:26:06","date_gmt":"2026-11-09T12:56:06","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-09\/"},"modified":"2026-11-09T18:26:08","modified_gmt":"2026-11-09T12:56:08","slug":"thermax-share-price-today-2026-11-09","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-09\/","title":{"rendered":"Thermax Share Price Today: Falls 16.44% in 2 Trading Sessions | 9 November 2026"},"content":{"rendered":"<style id=\"wt-article-style-v4\">:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) { color:#30475c; font-size:16px; line-height:1.65; min-width:0; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::before, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::after { box-sizing:border-box; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-copy { font-size:16px !important; 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}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-button { display:inline-block; background:#10233f; color:#fff !important; padding:10px 17px; border-radius:7px; text-decoration:none !important; font-size:15px; font-weight:800; line-height:1.5; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-dark .wt-cta-button { background:#ffe36e; color:#10233f !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-faq h3 { color:#173b58 !important; font-size:17px !important; line-height:1.45; margin:18px 0 6px !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) > p:last-child { font-size:13px; line-height:1.55; color:#606b78; border-top:1px solid #e1e7ef; padding-top:13px; margin-top:16px; }\n@media (max-width:960px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(3,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:1.7fr 1fr 1.2fr 1.2fr; gap:10px; }\n}\n@media (max-width:650px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid { grid-template-columns:1fr; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-metrics { grid-template-columns:repeat(2,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-card { padding:14px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:repeat(2,minmax(0,1fr)); gap:10px 14px; padding:12px 0; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-person, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row > div:last-child { grid-column:1 \/ -1; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta { padding:17px 15px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-title { font-size:18px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div { padding:9px !important; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-title, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-body { font-size:15px; }\n}\n@media (max-width:420px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}<\/p>\n<p>:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div {border:1px solid #dde6ee;border-radius:8px;background:#f9fbfd;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div > div:last-child {font-weight:800;color:#17324d;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) h2 {font-size:24px !important;line-height:1.35 !important;margin:28px 0 14px !important;color:#173b58;}\n<\/style>\n<div class=\"wt-article-v4\" data-witty-phase=\"live\" data-article-version=\"4\">\n<p class=\"wt-market-date\"><strong>NSE: THERMAX<\/strong> \u00b7 9 November 2026<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Price<\/div>\n<div>\u20b92,785.90<\/div>\n<\/div>\n<div>\n<div>Change<\/div>\n<div>-1.90%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b92,842.00 \/ \u20b92,723.20<\/div>\n<\/div>\n<div>\n<div>Prev. Close<\/div>\n<div>\u20b92,839.80<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>4.00 lakh<\/div>\n<\/div>\n<div>\n<div>Price as of<\/div>\n<div>9 November 2026 \u00b7 03:30 PM IST<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-takeaways\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Key Takeaways<\/div>\n<div class=\"wt-card-body\">\n<ul class=\"wt-list\">\n<li>Thermax has fallen 16.44% over 2 trading sessions; today&#x27;s move is -1.90%.<\/li>\n<li>Thermax Limited submitted its standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The consolidated operating revenue stood at \u20b92,755.87 crore with a net profit of \u20b9113.11 crore for the quarter. Management noted that profitability was impacted in the industrial product segment due to product mix, higher input costs, and a \u20b915 crore impairment provision in a hybrid renewable energy project.<\/li>\n<li>Trading volume was 1.30 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Thermax share price: 16.44% decline over 2 trading sessions<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Thermax Ltd. (THERMAX) closed down 1.90% at \u20b92,885.90 after moving within a wide intraday range of \u20b92,723.20 to \u20b92,842.00.<\/p>\n<p class=\"wt-copy\">The broader market benchmark Nifty edged up by 0.06%, showing a stark divergence from Thermax&#x27;s sharper pullback during the session. The stock&#x27;s negative performance extends a broader recent consolidation phase, following a 5-day return of -11.51% and a 20-day return of -14.81%, indicating ongoing selling pressure in line with broader capital goods sector adjustments.<\/p>\n<p class=\"wt-copy\">While no single immediate catalyst was announced on the trading day, recent fundamental developments provide broader context, including JPMorgan&#x27;s upgrade of the stock to an Overweight rating following its Q2 FY2027 financial performance updates released on November 5, 2026. During the quarter, the company reported consolidated operating revenue of \u20b92,755.87 crore and profit after tax of \u20b9113.11 crore, alongside securing significant industrial and green energy orders.<\/p>\n<p class=\"wt-copy\">4.00 lakh shares traded by 9 November 2026 \u00b7 03:30 PM IST. This compares with a 20-day average daily volume of 3.09 lakh shares (1.30 times). The five-day average daily volume was 7.26 lakh shares. Separately, the NSE report for 9 November 2026 showed 1.66 lakh shares delivered, representing 41.50% of that day\u2019s traded volume. The same report recorded 41,710 trades.<\/p>\n<\/div>\n<div class=\"wt-likely-reason\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Likely Reason<\/div>\n<div class=\"wt-card-body\"><strong>profit-taking and technical weakness following recent corrections<\/strong><\/p>\n<p class=\"wt-copy\">The stock declined by 1.90% amid above-average volume and negative short-term momentum, continuing its recent correction from prior highs without any direct single catalyst on the trading day.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"wt-cta wt-cta-yellow\">\n<div class=\"wt-cta-title\">Research the Market \u2014 Not Just the Headline<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Latest Company Developments<\/h2>\n<div class=\"wt-grid wt-grid-news\">\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Q2 FY 2026-27 Financial Results<\/div>\n<div class=\"wt-card-date\">5 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Thermax Limited submitted its standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The consolidated operating revenue stood at \u20b92,755.87 crore with a net profit of \u20b9113.11 crore for the quarter. Management noted that profitability was impacted in the industrial product segment due to product mix, higher input costs, and a \u20b915 crore impairment provision in a hybrid renewable energy project.<\/p>\n<p class=\"wt-copy\">Quarterly earnings updates directly influence valuation metrics, revenue visibility, and investor expectations regarding the execution of its substantial order backlog.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Acquisition of TSA Process Equipments<\/div>\n<div class=\"wt-card-date\">1 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">The company completed the acquisition of the remaining 49% equity share capital in TSA Process Equipments Private Limited for \u20b942 crores in cash consideration, making it a wholly owned subsidiary. TSA specializes in turn-key water treatment and distribution solutions for high purity plants and reported a turnover of \u20b9166.99 crore for FY 2025-26.<\/p>\n<p class=\"wt-copy\">Fully consolidating TSA strengthens Thermax&#x27;s water and waste solutions portfolio and expands its high-purity water treatment capabilities.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_30092026193139_SEIntimationAcquisition.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">GST Assessment Order Received<\/div>\n<div class=\"wt-card-date\">5 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Thermax received an assessment order from the Joint Commissioner Central GST Pune-I on November 4, 2026, imposing a penalty of \u20b953.47 lakhs related to delayed reporting of tax invoices for supplies made during FY 2022-23. The company announced plans to file an appeal challenging the demand in due course.<\/p>\n<p class=\"wt-copy\">Although the financial impact is minimal relative to the company&#x27;s overall scale, regulatory penalties draw scrutiny regarding historical compliance procedures.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Earnings \/ operating update<\/div>\n<div class=\"wt-card-date\">5 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Thermax Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_05112026180056_SEIntimationBMOutcome.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Exchange clarification on media report<\/div>\n<div class=\"wt-card-date\">9 October 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_09102026171828_SEIntimationclarificationFEPL.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Ownership &amp; Transaction Activity<\/h2>\n<div class=\"wt-grid wt-grid-ownership\">\n<div class=\"wt-card\" data-card=\"ownership\" style=\"background:#fff8e8;border:1px solid #ecd39e;border-left:4px solid #cc922c;border-radius:10px\">\n<div class=\"wt-card-title\">Shareholding<\/div>\n<div class=\"wt-card-date\">As of 30 September 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-grid wt-grid-metrics\">\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Promoter holding<\/div>\n<div class=\"wt-value\">61.98%<\/div>\n<div class=\"wt-note\">61.98% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">FII\/FPI<\/div>\n<div class=\"wt-value\">11.31%<\/div>\n<div class=\"wt-note\">11.46% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Institutional holding<\/div>\n<div class=\"wt-value\">26.25%<\/div>\n<div class=\"wt-note\">26.68% on 30 June 2026<\/div>\n<\/div>\n<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1738963_15102026043101_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Mutual Fund Holdings<\/h2>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Mutual-fund ownership<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Mutual funds held 12.33% on 30 September 2026. This compares with 12.86% on 30 June 2026, a change of -0.53 percentage points.<\/p>\n<p class=\"wt-copy\">The filing reported 30 MF\/UTI holders.<\/p>\n<div class=\"wt-grid wt-grid-funds\">\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">SBI NIFTY MIDCAP 150 MOMENTUM 50 ETF<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">61.38 lakh shares \u00b7 5.15%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">KOTAK MAHINDRA TRUSTEE CO LTD A\/C KOTAK NIFTY MIDC<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">22.78 lakh shares \u00b7 1.91%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">SUNDARAM MUTUAL FUND A\/C SUNDARAM FLEXI CAP FUND<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">18.03 lakh shares \u00b7 1.51%<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-note wt-source-note\">These are quarterly holdings, rather than purchases or sales on the article date.<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1738963_15102026043101_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<h2>Research &amp; Brokerage Views<\/h2>\n<div class=\"wt-grid wt-grid-brokerage\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">JPMorgan<\/div>\n<div class=\"wt-card-date\">9 November 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-broker-facts\"><span><span class=\"wt-label\">Rating<\/span><strong>Buy<\/strong><\/span><\/div>\n<p class=\"wt-copy\">Upgraded the stock to Overweight following the review of Q2 financial results and business execution updates.<\/p>\n<div class=\"wt-note wt-source-note\">Attributed brokerage opinion; not a WittyTrades recommendation.<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Kotak<\/div>\n<div class=\"wt-card-date\">9 October 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-broker-facts\"><span><span class=\"wt-label\">Rating<\/span><strong>Buy<\/strong><\/span><\/div>\n<p class=\"wt-copy\">Maintained a positive view citing growth prospects in the industrial and green energy segments.<\/p>\n<div class=\"wt-note wt-source-note\">Attributed brokerage opinion; not a WittyTrades recommendation.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>What to Watch Next<\/h2>\n<ul class=\"wt-list\">\n<li>Execution progress on the \u20b914,250 crore order balance reported in the Q2 investor presentation<\/li>\n<li>Updates regarding potential strategic growth partners for First Energy Private Limited (FEPL)<\/li>\n<li>Delivery volume trends and recovery signals relative to the 20-day average volume<\/li>\n<li>Developments regarding the GST penalty appeal process<\/li>\n<\/ul>\n<h2>Other Dated Coverage<\/h2>\n<ul class=\"wt-list\">\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-06\/\">Thermax Share Price Today: Falls 16.53% in 2 Trading Sessions | 6 November 2026 \u2014 6 November 2026<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.wittytrades.com\/market-news\/tag\/thermax\/\">More Thermax news and dated analysis \u2192<\/a><\/p>\n<aside class=\"wt-cta wt-cta-dark\">\n<div class=\"wt-cta-title\">Looking for Research-Backed Market Opportunities?<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Frequently Asked Questions<\/h2>\n<div class=\"wt-faq\">\n<h3>What is the latest Thermax company news?<\/h3>\n<p class=\"wt-copy\">Thermax Limited submitted its standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The consolidated operating revenue stood at \u20b92,755.87 crore with a net profit of \u20b9113.11 crore for the quarter. Management noted that profitability was impacted in the industrial product segment due to product mix, higher input costs, and a \u20b915 crore impairment provision in a hybrid renewable energy project.<\/p>\n<h3>How strong was Thermax\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">4.00 lakh shares traded, 1.30 times the 20-day average daily volume. The price and volume data are dated 9 November 2026 \u00b7 03:30 PM IST.<\/p>\n<h3>Do the mutual-fund figures show buying today?<\/h3>\n<p class=\"wt-copy\">They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.<\/p>\n<\/div>\n<p><strong>Research &amp; analysis:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">WittyTrades Research Desk<\/a><br \/><strong>Reviewed by:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">Mohanish Sanghavi \u2014 SEBI Registered Research Analyst<\/a><\/p>\n<p>Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.<\/p>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@graph\": [{\"@type\": \"WebSite\", \"@id\": \"https:\/\/www.wittytrades.com\/#website\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"name\": \"WittyTrades\", \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"inLanguage\": \"en-IN\"}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#organization\", \"name\": \"WittyTrades\", \"alternateName\": \"Witty Networks\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"telephone\": \"+91-22-48972020\", \"identifier\": [{\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}, {\"@type\": \"PropertyValue\", \"propertyID\": \"BSE Research Analyst Code\", \"value\": \"5430\"}]}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\", \"name\": \"WittyTrades Research Desk\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"parentOrganization\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}}, {\"@type\": \"Person\", \"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\", \"name\": \"Mohanish Sanghavi\", \"jobTitle\": \"SEBI Registered Research Analyst\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"worksFor\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}}, {\"@type\": \"NewsArticle\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-09\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-09\/\"}, \"headline\": \"Thermax Share Price Today: Falls 16.44% in 2 Trading Sessions | 9 November 2026\", \"description\": \"Thermax has fallen 16.44% over 2 trading sessions. Today it is 1.90% lower at \u20b92,785.90. See price context, volume and key company developments.\", \"datePublished\": \"2026-11-09T18:25:56.965714+05:30\", \"dateModified\": \"2026-11-09T18:25:56.965714+05:30\", \"author\": {\"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\"}, \"reviewedBy\": {\"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\"}, \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"isPartOf\": {\"@id\": \"https:\/\/www.wittytrades.com\/#website\"}, \"about\": {\"@type\": \"Thing\", \"name\": \"Thermax\", \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"NSE Symbol\", \"value\": \"THERMAX\"}}, \"inLanguage\": \"en-IN\", \"isAccessibleForFree\": true, \"image\": [\"https:\/\/www.wittytrades.com\/market-news\/wp-content\/uploads\/2026\/11\/thermax-company-news-2026-11-09.jpg\"]}]}<\/script><!-- wt-article-record:{\"recent_news\":[{\"summary\":\"Thermax Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026.\",\"category\":\"Outcome of Board Meeting\",\"date\":\"05-Nov-2026 18:02:05\",\"source\":\"NSE filing\",\"industry\":\"Electrical Equipment\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_05112026180056_SEIntimationBMOutcome.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"Action(s) taken or orders passed.\",\"category\":\"Action(s) taken or orders passed\",\"date\":\"05-Nov-2026 15:27:12\",\"source\":\"NSE filing\",\"industry\":\"Electrical Equipment\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_05112026152702_SEIntimationGSTPenalty_Nov2026.pdf\",\"headline\":\"Order \/ business win\",\"impact\":\"A material order can improve revenue visibility and capacity utilisation. The eventual earnings impact depends on execution timelines and project margins.\",\"importance_score\":5,\"completeness_score\":3},{\"summary\":\"Thermax Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.\",\"category\":\"Outcome of Board Meeting\",\"date\":\"30-Jul-2026 16:08:59\",\"source\":\"NSE filing\",\"industry\":\"Electrical Equipment\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_30072026160731_SEIntimationOutcomesigned.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"The exchange sought clarification from the company regarding a recent media report. Such a request is a verification step and does not by itself confirm the reported issue.\",\"category\":\"Updates\",\"date\":\"09-Oct-2026 17:19:06\",\"source\":\"NSE filing\",\"industry\":\"Electrical Equipment\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_09102026171828_SEIntimationclarificationFEPL.pdf\",\"headline\":\"Exchange clarification on media report\",\"impact\":\"This can influence near-term sentiment while investors wait for the company's response, but it becomes materially important only if the company confirms a financial or operational impact.\",\"importance_score\":4,\"completeness_score\":3}],\"shareholding_snapshot\":{\"promoter_pct\":61.98,\"public_pct\":32.57,\"fii_pct\":11.31,\"dii_pct\":14.94,\"mf_pct\":12.33,\"institutional_pct\":26.25,\"noninst_pct\":6.32,\"mf_scheme_count\":30,\"pledged_shares\":null,\"pledged_pct_of_promoter\":null,\"mf_holders\":[{\"name\":\"SBI NIFTY MIDCAP 150 MOMENTUM 50 ETF\",\"shares\":6138398,\"pct\":5.15},{\"name\":\"KOTAK MAHINDRA TRUSTEE CO LTD A\/C KOTAK NIFTY MIDC\",\"shares\":2278311,\"pct\":1.91},{\"name\":\"SUNDARAM MUTUAL FUND A\/C SUNDARAM FLEXI CAP FUND\",\"shares\":1803126,\"pct\":1.51}],\"period\":\"30-SEP-2026\",\"submission_date\":\"15-OCT-2026\",\"source\":\"NSE shareholding pattern XBRL\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1738963_15102026043101_WEB.xml\",\"previous_period\":\"30-JUN-2026\",\"previous_promoter_pct\":61.98,\"previous_fii_pct\":11.46,\"previous_dii_pct\":15.22,\"previous_mf_pct\":12.86,\"previous_institutional_pct\":26.68,\"previous_mf_scheme_count\":29,\"previous_pledged_pct_of_promoter\":null,\"previous_pledged_shares\":null},\"brokerage_views\":[{\"brokerage\":\"JPMorgan\",\"rating\":\"Buy\",\"target\":null,\"view_summary\":\"Thermax Q2 Review Review: JPMorgan Upgrades To Overweight, Kotak, UBS Maintain Buy | Check Target Prices NDTV Profit\",\"headline\":\"Thermax Q2 Review Review: JPMorgan Upgrades To Overweight, Kotak, UBS Maintain Buy | Check Target Prices\",\"published\":\"2026-11-09T03:34:09+00:00\",\"source\":\"NDTV Profit\"},{\"brokerage\":\"Kotak\",\"rating\":\"Buy\",\"target\":null,\"view_summary\":\"Thermax Share Price Jumps Over 6% After Kotak Securities Upgrades It To 'Buy' NDTV Profit\",\"headline\":\"Thermax Share Price Jumps Over 6% After Kotak Securities Upgrades It To 'Buy'\",\"published\":\"2026-10-09T07:00:00+00:00\",\"source\":\"NDTV Profit\"}]} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thermax has fallen 16.44% over 2 trading sessions. Today it is 1.90% lower at \u20b92,785.90. See price context, volume and key company developments.<\/p>\n","protected":false},"author":1,"featured_media":11561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_witty_seo_title":"Thermax Share Price Today: Falls 16.44% in 2 Trading Sessions | 9 November 2026","_witty_meta_description":"Thermax has fallen 16.44% over 2 trading sessions. Today it is 1.90% lower at \u20b92,785.90. 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