Thermax is currently trading at Rs. 1018.75, up by 57.40 points or 5.97% from its previous closing of Rs. 961.35 on the BSE.
The scrip opened at Rs. 971.25 and has touched a high and low of Rs. 1029.50 and Rs. 971.25 respectively. So far 1468 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1247.00 on 01-Mar-2018 and a 52 week low of Rs. 878.05 on 11-Oct-2018.
Last one week high and low of the scrip stood at Rs. 1029.50 and Rs. 947.00 respectively. The current market cap of the company is Rs. 11455.09 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 26.18% and 11.83% respectively.
Thermax has entered into definitive agreement with Mutares Holding-24 AG, Germany and Balcke-Duerr GmbH, Germany, Joint Venture (JV) partners of Thermax SPX Energy Technologies (TSPX) to acquire their shareholding in the TSPX a JV and subsidiary company in India. Post transfer of shares, TSPX will become the wholly owned subsidiary of the company.
Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.