Thermax rallies 9% in 2 days; hits new high on strong order book position

Thermax has a strong order book across diverse sectors, including refineries, steel, power, and chemicals

Shares of Thermax hit a new high of Rs 2,450, up 5 per cent on the BSE in Thursday's intra-day trade. The stock has surged 9 per cent in two days.

Thus far in the month of August, Thermax has rallied 19 per cent after the company reported 36 per cent year on year (YoY) growth in order booking at Rs 2,310 crore in the April-June quarter (Q1FY23), as against Rs 1,669 crore in Q1FY22. At the end of June, 2022, the order balance for the quarter was Rs 9,554 crore, up 56 per cent YoY from Rs 6,109