Thermax share price rises 14% to hit record high, stock up 144% in 1 year

Thermax share price opened at ₹4,725 against its previous close of ₹4,692.45. It then jumped 14 per cent to its all-time high of 5,347.15.

Updated on: May 15, 2024, 09:50:32 IST

By HT News Desk | Edited by Mallika Soni

Prefer HTon Google

Share via

Copy link

Thermax share price: The shares of Thermax rose 14 per cent to hit its fresh record high of ₹5,347 in early trade on BSE following the company's March quarter (Q4) results. The company's share price opened at ₹4,725 against its previous close of ₹4,692.45. It then jumped 14 per cent to its all-time high of 5,347.15.

Thermax share price: Over the past one year, the stock has seen an upward trend. It hit its 52-week low of ₹2,192.70 on the BSE on May 19 last year.

Thermax shares in one year

Over the past one year, the stock has seen an upward trend. It hit its 52-week low of ₹2,192.70 on the BSE on May 19 last year. Thermax share price has surged 144 per cent in about a year.

Thermax Q4 results

The company reported over 20 per cent rise in its consolidated net profit at ₹188 crore in the March 2024 quarter. It posted a profit after tax of ₹156 crore in the corresponding period of the preceding fiscal year. Consolidated income during the quarter under review rose to ₹2,818.93 crore from ₹2,368.31 crore in the year-ago period. The board recommended a dividend of ₹12 per share for 2023-24.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator

Thermax share price rises 14% to hit record high, stock up 144% in 1 year

Thermax share price opened at ₹4,725 against its previous close of ₹4,692.45. It then jumped 14 per cent to its all-time high of 5,347.15.

Read more: Ilya Sutskever is leaving OpenAI: 10 points on the man behind Sam Altman’s ouster

Thermax shares in one year

Read more: Go Digit IPO: 10 things to know before subscribing to Virat Kohli-backed issue

Thermax Q4 results