{"id":12135,"date":"2026-11-12T18:57:53","date_gmt":"2026-11-12T13:27:53","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-12\/"},"modified":"2026-11-12T18:57:55","modified_gmt":"2026-11-12T13:27:55","slug":"thermax-share-price-today-2026-11-12","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-12\/","title":{"rendered":"Thermax Share Price Today: Falls 16.89% in 5 Trading Sessions | 12 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 12 November 2026<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Price<\/div>\n<div>\u20b92,722.40<\/div>\n<\/div>\n<div>\n<div>Change<\/div>\n<div>-0.11%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b92,781.00 \/ \u20b92,701.80<\/div>\n<\/div>\n<div>\n<div>Prev. Close<\/div>\n<div>\u20b92,725.40<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>3.82 lakh<\/div>\n<\/div>\n<div>\n<div>Price as of<\/div>\n<div>12 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 16.89% over 5 trading sessions; today&#x27;s move is -0.11%.<\/li>\n<li>Thermax Limited informed the exchanges that Mr. Harsh Mariwala ceased to be a Non-Executive Lead Independent Director upon the completion of his second consecutive 5-year term at the close of business hours on November 9, 2026. The board and management formally recorded their appreciation for his contributions during his association with the company. The required disclosures regarding the completion of his tenure were submitted in compliance with regulatory norms.<\/li>\n<li>Trading volume was 1.19 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Thermax share price: 16.89% decline over 5 trading sessions<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Thermax Ltd. (THERMAX) closed nearly flat on November 12, 2026, ending the session down 0.11% at \u20b92,722.40 compared to its previous close of \u20b92,725.40. The stock opened at \u20b92,748.50, touched an intraday high of \u20b92,781.00 and a low of \u20b92,701.80.<\/p>\n<p class=\"wt-copy\">On a broader market comparison, the benchmark Nifty rose 0.18%, reflecting a steady broader market tone where Thermax traded largely in line while digesting its recent sharp correction. The stock has experienced persistent downward pressure over the medium term, recording a return of -16.89% over the past 5 trading days and -17.30% over the last 20 trading days.<\/p>\n<p class=\"wt-copy\">Company disclosures provide ongoing context regarding recent corporate governance and financial reporting developments. Most notably, the company announced the cessation of Mr. Harsh Mariwala as Non-Executive Lead Independent Director upon the completion of his second 5-year term effective November 9, 2026. While fundamental updates such as Q2 FY2027 earnings and order book realizations remain in focus following board results submitted earlier in November, this board transition provides background context rather than a direct trigger for today&#x27;s subdued price movement.<\/p>\n<p class=\"wt-copy\">3.82 lakh shares traded by 12 November 2026 \u00b7 03:30 PM IST. This compares with a 20-day average daily volume of 3.19 lakh shares (1.19 times). The five-day average daily volume was 8.77 lakh shares. Separately, the NSE report for 12 November 2026 showed 1.99 lakh shares delivered, representing 52.17% of that day\u2019s traded volume. The same report recorded 32,031 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>range-bound consolidation following recent sharp correction<\/strong><\/p>\n<p class=\"wt-copy\">No single confirmed company-specific catalyst drove today&#x27;s minor 0.11% decline. The stock consolidated near the previous close with moderate delivery volumes after suffering sharp declines over the preceding 5 and 20 trading sessions.<\/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\">Cessation of Lead Independent Director<\/div>\n<div class=\"wt-card-date\">9 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Thermax Limited informed the exchanges that Mr. Harsh Mariwala ceased to be a Non-Executive Lead Independent Director upon the completion of his second consecutive 5-year term at the close of business hours on November 9, 2026. The board and management formally recorded their appreciation for his contributions during his association with the company. The required disclosures regarding the completion of his tenure were submitted in compliance with regulatory norms.<\/p>\n<p class=\"wt-copy\">Board changes involving key independent directors are important for corporate governance tracking, though they do not have an immediate operational impact on share price movements.<\/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\">Q2 FY2027 Financial Results and Operations<\/div>\n<div class=\"wt-card-date\">5 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">The company submitted its standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, following a board meeting held on November 5, 2026. Consolidated operating revenue for the period rose 11% year-on-year to \u20b92,755.87 crore, driven by improved execution in Industrial Products and Industrial Infra segments. Profit after tax stood at \u20b9113.11 crore, impacted by product mix and a \u20b915 crore impairment provision in a hybrid renewable energy project.<\/p>\n<p class=\"wt-copy\">Quarterly financial disclosures give investors a clear picture of revenue execution, backlog conversion, and margin pressures across core engineering segments.<\/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\">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 disclosed the receipt of an assessment order from the Joint Commissioner Central GST Pune I on November 4, 2026, levying a penalty of \u20b953.47 lakhs. The penalty relates to the delayed reporting of tax invoices for supplies made during the 2022-23 financial year. The company stated its intention to file an appeal challenging the demand in due course.<\/p>\n<p class=\"wt-copy\">While the monetary penalty is relatively small compared to the company&#x27;s overall financials, tracking regulatory and tax disputes is essential for compliance oversight.<\/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 Thermax to Overweight following review of Q2 performance and order book execution capabilities.<\/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\">Upgraded the stock to &#x27;Buy&#x27; following favorable medium-term growth prospects in industrial energy and environmental solutions.<\/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 Q2 results<\/li>\n<li>Developments regarding the GST appeal process against the Pune Central GST assessment order<\/li>\n<li>Delivery volume trends relative to the 20-day average volume benchmark<\/li>\n<li>Management commentary on margin recovery and input cost pressures across industrial segments<\/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-2026-11-11\/\">Thermax Share Price Today: Falls 17.82% in 3 Trading Sessions | 11 November 2026 \u2014 11 November 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-09\/\">Thermax Share Price Today: Falls 16.44% in 2 Trading Sessions | 9 November 2026 \u2014 9 November 2026<\/a><\/li>\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 informed the exchanges that Mr. Harsh Mariwala ceased to be a Non-Executive Lead Independent Director upon the completion of his second consecutive 5-year term at the close of business hours on November 9, 2026. The board and management formally recorded their appreciation for his contributions during his association with the company. The required disclosures regarding the completion of his tenure were submitted in compliance with regulatory norms.<\/p>\n<h3>How strong was Thermax\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">3.82 lakh shares traded, 1.19 times the 20-day average daily volume. The price and volume data are dated 12 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-2026-11-12\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/thermax-share-price-today-2026-11-12\/\"}, \"headline\": \"Thermax Share Price Today: Falls 16.89% in 5 Trading Sessions | 12 November 2026\", \"description\": \"Thermax has fallen 16.89% over 5 trading sessions. Today it is 0.11% lower at \u20b92,722.40. See price context, volume and key company developments.\", \"datePublished\": \"2026-11-12T18:57:41.673081+05:30\", \"dateModified\": \"2026-11-12T18:57:41.673081+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-2026-11-12.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\":\"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},{\"summary\":\"Cessation of Mr Harsh Mariwala as Non- Executive Independent Director of the company effective. November 09, 2026.\",\"category\":\"Cessation\",\"date\":\"09-Nov-2026 18:38:36\",\"source\":\"NSE filing\",\"industry\":\"Electrical Equipment\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/THERMAXNSE_09112026183820_SEIntimation_HCM_Cessation.pdf\",\"headline\":\"Management \/ board update\",\"impact\":\"Management and board changes can matter for execution, governance and continuity, although they do not automatically explain the day's share-price move.\",\"importance_score\":3,\"completeness_score\":5}],\"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 16.89% over 5 trading sessions. Today it is 0.11% lower at \u20b92,722.40. See price context, volume and key company developments.<\/p>\n","protected":false},"author":1,"featured_media":12134,"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 16.89% in 5 Trading Sessions | 12 November 2026","_witty_meta_description":"Thermax has fallen 16.89% over 5 trading sessions. Today it is 0.11% lower at \u20b92,722.40. 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