Thermax, an Indian energy and environment
engineering company, dropped 2% on Wednesday after it has reported
a drop of 10.45% in net profit for the quarter ended September
2012, due to slowdown in sales and fall in margins.
During the quarter, the net profit of the company declined to Rs 910.64 million as compared to Rs 1,017 million in the same period last year.
Net sales during the quarter dropped 8.53% to Rs 11.92 billion, when compared with the same period last year.
Shares ofthe companyare trading at Rs
556.55, down Rs 11.45, or 2.02% at the Bombay Stock Exchange (BSE)
on Wednesday at 10:07 a.m.The scrip has touched an intra-day high
of Rs 567 and low of Rs 556.50. The total volume of shares traded
at the BSE is 1,137.In the earlier session, the shares lost 2.99%,
or Rs 17.5, at Rs 568. Currently, the stock is trading down 7.47%
from its 52-week high of Rs 601.45 and above 43.44% over the
52-week low of Rs 388.
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