THERMAX belongs to the Industrials sector and operates within the Specialty Industrial Machinery industry. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). In this detailed post, we will explore THERMAX share price targets for 2024, 2025, 2026, and up to 2030. For long-term forecasts, we will use different technical analysis approaches to predict targets up to the year 2030.
To forecast the price of THERMAX up to the year 2030, we will use a machine learning approach where the forecasted data is trained on the past performance. Thermax Limited, known for its significant presence in the Indian share market, has shown various trends over the years. In this section, we discuss THERMAX's current market position, its growth trajectory, and how external market factors might influence its price performance leading up to 2030.
THERMAX’s Performance Overview
Current Performance
Today 2024-10-14 shares of THERMAX closed at ₹5116.25 which is ₹15.25 lower than its previous close of ₹5131.5. The company has been in mixed trend for the past one week.
Historical Performance
| Date | Close | Gain/Loss |
|---|---|---|
| 2024-10-04 | ₹5,179.00 | ₹262.00 (5.33%) |
| 2024-10-07 | ₹5,052.50 | ₹126.50 (2.44%) |
| 2024-10-08 | ₹5,193.35 | ₹140.85 (2.79%) |
| 2024-10-09 | ₹5,136.15 | ₹57.20 (1.10%) |
| 2024-10-10 | ₹5,078.00 | ₹58.15 (1.13%) |
| 2024-10-11 | ₹5,131.50 | ₹53.50 (1.05%) |
| 2024-10-14 | ₹5,116.25 | ₹15.25 (0.30%) |
THERMAX for Tomorrow
Last three days were negative and we can see a continuation bearish trend for tomorrow. This data is important as traders can make better swing trading entries for the upcoming year 2025 or even long-term targets up to 2030.
THERMAX Share Price Target 2024
Most of the Indian stocks like THERMAX have experienced an impressive Bull run in 2023. In the first quarter of 2024, the bullish sentiment of the market will likely stay the same with some consolidation in the beginning few months. As per technical data, the minimum share price target in 2024 for THERMAX is expected to be ₹6702.58 and the maximum price target for 2024 will be ₹9509.75.
| Month | Target |
|---|---|
| April 2024 target for THERMAX | ₹6702.58 |
| May 2024 target for THERMAX | ₹7053.48 |
| June 2024 target for THERMAX | ₹7404.37 |
| July 2024 target for THERMAX | ₹7755.27 |
| August 2024 target for THERMAX | ₹8106.16 |
| September 2024 target for THERMAX | ₹8457.06 |
| October 2024 target for THERMAX | ₹8807.95 |
| November 2024 target for THERMAX | ₹9158.85 |
| December 2024 target for THERMAX | ₹9509.75 |
Summary of THERMAX Share Price Forecast for 2024
- The initial price target for Thermax Limited in 2024 is projected to be ₹6702.58.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹8457.06.
- By the end of 2024, the price target for Thermax Limited is expected to potentially reach ₹9509.75, considering bullish market trends.
Predicted Price Chart for 2024
THERMAX Share Price Target 2025
The share price of THERMAX is expected to reach a value of Rs. 9700 by January 2025. If the Macro and Micro economic factors along with the industry trend support, we might see the target price of Thermax Limited reach Rs 10882 by December 2025.
| Month | Target |
|---|---|
| January 2025 target for THERMAX | ₹9700 |
| February 2025 target for THERMAX | ₹9894 |
| March 2025 target for THERMAX | ₹10092 |
| April 2025 target for THERMAX | ₹9756 |
| May 2025 target for THERMAX | ₹9431 |
| June 2025 target for THERMAX | ₹9117 |
| July 2025 target for THERMAX | ₹9482 |
| August 2025 target for THERMAX | ₹9861 |
| September 2025 target for THERMAX | ₹10255 |
| October 2025 target for THERMAX | ₹10460 |
| November 2025 target for THERMAX | ₹10669 |
| December 2025 target for THERMAX | ₹10882 |
Summary of THERMAX Share Price Forecast for 2025
- The initial price target for Thermax Limited in 2025 is projected to be ₹9700.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹9117.
- By the end of 2025, the price target for Thermax Limited is expected to potentially reach ₹10882, considering bullish market trends.
Predicted Price Chart for 2025
THERMAX Share Price Target 2026
As per technical data, The minimum share price target of THERMAX is expected to reach Rs. 11100 and the maximum value that shares of THERMAX can reach is Rs. 12452.
| Month | Target |
|---|---|
| January 2026 target for THERMAX | ₹11100 |
| February 2026 target for THERMAX | ₹11322 |
| March 2026 target for THERMAX | ₹11548 |
| April 2026 target for THERMAX | ₹11163 |
| May 2026 target for THERMAX | ₹10791 |
| June 2026 target for THERMAX | ₹10432 |
| July 2026 target for THERMAX | ₹10849 |
| August 2026 target for THERMAX | ₹11283 |
| September 2026 target for THERMAX | ₹11734 |
| October 2026 target for THERMAX | ₹11969 |
| November 2026 target for THERMAX | ₹12208 |
| December 2026 target for THERMAX | ₹12452 |
Summary of THERMAX Share Price Forecast for 2026
- The initial price target for Thermax Limited in 2026 is projected to be ₹11100.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹10432.
- By the end of 2026, the price target for Thermax Limited is expected to potentially reach ₹12452, considering bullish market trends.
Predicted Price Chart for 2026
THERMAX Share Price Target 2027
Using Fibonacci projections, the estimated price target forecast for Thermax Limited (THERMAX) in the first half of the year 2027 will be between ₹12701 - ₹11938. By the second half of 2027, the share price of THERMAX may reach a maximum value of ₹14252.
| Month | Target |
|---|---|
| January 2027 target for THERMAX | ₹12701 |
| February 2027 target for THERMAX | ₹12955 |
| March 2027 target for THERMAX | ₹13214 |
| April 2027 target for THERMAX | ₹12774 |
| May 2027 target for THERMAX | ₹12349 |
| June 2027 target for THERMAX | ₹11938 |
| July 2027 target for THERMAX | ₹12416 |
| August 2027 target for THERMAX | ₹12913 |
| September 2027 target for THERMAX | ₹13430 |
| October 2027 target for THERMAX | ₹13699 |
| November 2027 target for THERMAX | ₹13973 |
| December 2027 target for THERMAX | ₹14252 |
Summary of THERMAX Share Price Forecast for 2027
- The initial price target for Thermax Limited in 2027 is projected to be ₹12701.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹11938.
- By the end of 2027, the price target for Thermax Limited is expected to potentially reach ₹14252, considering bullish market trends.
Predicted Price Chart for 2027
THERMAX Share Price Target 2028
| Month | Target |
|---|---|
| January 2028 target for THERMAX | ₹14537 |
| February 2028 target for THERMAX | ₹14828 |
| March 2028 target for THERMAX | ₹15125 |
| April 2028 target for THERMAX | ₹14621 |
| May 2028 target for THERMAX | ₹14134 |
| June 2028 target for THERMAX | ₹13663 |
| July 2028 target for THERMAX | ₹14210 |
| August 2028 target for THERMAX | ₹14778 |
| September 2028 target for THERMAX | ₹15369 |
| October 2028 target for THERMAX | ₹15676 |
| November 2028 target for THERMAX | ₹15990 |
| December 2028 target for THERMAX | ₹16310 |
Summary of THERMAX Share Price Forecast for 2028
- The initial price target for Thermax Limited in 2028 is projected to be ₹14537.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹13663.
- By the end of 2028, the price target for Thermax Limited is expected to potentially reach ₹16310, considering bullish market trends.
Predicted Price Chart for 2028
THERMAX Share Price Target 2029
| Month | Target |
|---|---|
| January 2029 target for THERMAX | ₹16636 |
| February 2029 target for THERMAX | ₹16969 |
| March 2029 target for THERMAX | ₹17308 |
| April 2029 target for THERMAX | ₹16732 |
| May 2029 target for THERMAX | ₹16175 |
| June 2029 target for THERMAX | ₹15636 |
| July 2029 target for THERMAX | ₹16261 |
| August 2029 target for THERMAX | ₹16911 |
| September 2029 target for THERMAX | ₹17587 |
| October 2029 target for THERMAX | ₹17939 |
| November 2029 target for THERMAX | ₹18298 |
| December 2029 target for THERMAX | ₹18664 |
Summary of THERMAX Share Price Forecast for 2029
- The initial price target for Thermax Limited in 2029 is projected to be ₹16636.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹15636.
- By the end of 2029, the price target for Thermax Limited is expected to potentially reach ₹18664, considering bullish market trends.
Predicted Price Chart for 2029
THERMAX Share Price Target 2030
| Month | Target |
|---|---|
| January 2030 target for THERMAX | ₹19037 |
| February 2030 target for THERMAX | ₹19418 |
| March 2030 target for THERMAX | ₹19806 |
| April 2030 target for THERMAX | ₹19146 |
| May 2030 target for THERMAX | ₹18508 |
| June 2030 target for THERMAX | ₹17892 |
| July 2030 target for THERMAX | ₹18608 |
| August 2030 target for THERMAX | ₹19352 |
| September 2030 target for THERMAX | ₹20126 |
| October 2030 target for THERMAX | ₹20529 |
| November 2030 target for THERMAX | ₹20940 |
| December 2030 target for THERMAX | ₹21359 |
Summary of THERMAX Share Price Forecast for 2030
- The initial price target for Thermax Limited in 2030 is projected to be ₹19037.
- With favorable market conditions, the mid-year price target for Thermax Limited could reach ₹17892.
- By the end of 2030, the price target for Thermax Limited is expected to potentially reach ₹21359, considering bullish market trends.
Predicted Price Chart for 2030
Key Takeaways from Forecasted Price for THERMAX from 2024 to 2030
| Year | Initial Target | Mid-Year Target | Year-End Target |
|---|---|---|---|
| 2024 | ₹6702.58 | ₹8457.06 | ₹9509.75 |
| 2025 | ₹9700 | ₹9117 | ₹10882 |
| 2026 | ₹11100 | ₹10432 | ₹12452 |
| 2027 | ₹12701 | ₹11938 | ₹14252 |
| 2028 | ₹14537 | ₹13663 | ₹16310 |
| 2029 | ₹16636 | ₹15636 | ₹18664 |
| 2030 | ₹19037 | ₹17892 | ₹21359 |
- In 2024, Thermax Limited (THERMAX) is expected to experience strong growth, with an initial target of ₹6702.58. However, market volatility might lead to fluctuations mid-year, peaking at ₹8807.95.
- For Thermax Limited in 2025, a bullish trend might take the stock to a mid-year target of ₹9482, followed by a steady climb to ₹10882.
- In 2026, a temporary decline in early months for Thermax Limited is possible, with a recovery expected by mid-year, aiming for ₹10849.
- Anticipating mixed trends for Thermax Limited in 2027, with rapid movements both upward and downward, yet maintaining an overall upward trajectory towards ₹14252.
- For 2028 and 2029, Thermax Limited is expected to show strong and steady growth, potentially breaking past previous highs and setting new records.
- By 2030, the cumulative impact of market dynamics could lead Thermax Limited to a substantial year-end target, surpassing previous expectations.
Final Words on Thermax Limited (THERMAX) Share Price Target up to 2030
To summarize, we have presented THERMAX share price target 2024, 2025, 2026, and up to 2030, based on the most recent trading data and algorithms. These targets serve as potential support and resistance levels for the coming years.
It's essential to note that while these price targets are based on technical analysis, other market conditions and news could also impact the stock's performance. Therefore, these hypothetical targets should be used as guidelines and not as financial advice. Always perform your own due diligence before making any investment.
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