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Thermax shares sink 17% near 52-week low after Q2 profit miss

Negative-22Company event

GreyOak summary

Thermax shares fell 17.20% to a 52-week low of Rs 2,751 following Q2 results where net profit dropped 4.6% YoY to Rs 115 crore, missing estimates by 26%. Order inflows of Rs 3,259 crore also disappointed analysts.

What it affects

  • ThermaxTHERMAXNegative -22

    Shares fell 17% after profit missRolling sentiment Negative -37

Source

Read the original at NDTV Profit

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