Companies
Thermax shares extend Friday's losses; JPMorgan upgrades on attractive risk-reward
Reported by: CNBC TV18 ·
Summary
CNBC TV18 reported that Thermax shares extended their losses from Friday. JPMorgan upgraded the stock, saying it has corrected around 50% from its June peak, which the brokerage linked to the company's weaker first-half FY27 earnings. JPMorgan added that margin pressures are beginning to bottom out, with EBITDA mentioned in its note. FY27 means the financial year ending March 2027, so first-half FY27 covers April to September 2026. EBITDA is earnings before interest, tax, depreciation and amortisation, a measure of operating profit. A stock being upgraded means an analyst has raised their view on it; a 50% correction means the share price has fallen by about half from its peak. This is the analyst's view, not Hypeless's.
AI summary of what CNBC TV18 reported. AI can make mistakes. Read the full story on CNBC TV18
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CNBC TV18 · · Tone -1
Thermax shares extend Friday's losses; JPMorgan upgrades on attractive risk-reward
JPMorgan said that the stock has corrected around 50% from its June peak, showing the company's weaker first-half FY27 earnings performance. However, it believes margin pressures are beginning to bottom out, with EBITDA…
Some headlines quote an analyst. Those views are theirs, not ours.
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- earnings
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Earlier coverage
What outlets reported about the same company before this story, newest first.
BusinessLine ·
Thermax shares fall 20% to 52-week low after Q2 results, JM Financial maintains sell
Business Standard ·
BSE Capital Goods index slips 4%; Thermax, Apar, Astral tank up to 20%
Moneycontrol ·
NDTV Profit ·
Thermax Shares Sink 17%, Near 52-Week Low After Q2 Profit Misses Estimates 26%, JM Says 'Sell'
Moneycontrol ·
Buzzing Stocks: Cohance Life down 3% on Telangana plant closure order; Thermax plunges 14% after Q2...
Business Standard ·
Thermax plunges 15%, nears 52-week low on weak Q2 operational performance
Ask Hypeless about this story
Ask what it means, what a term in it means, or what other outlets said. Answers use only these outlets' headlines.
- What happened here, in simple words? Thermax shares extend Friday's losses; JPMorgan upgrades on attractive risk-reward
- Where do the outlets differ in how they report this? Thermax shares extend Friday's losses; JPMorgan upgrades on attractive risk-reward
- What does "earnings" mean?