Astral and Thermax Stocks Plunge Amid Market Selloff
2 reports, 2 independent
Updated Fri 00:00
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AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
On November 6, 2026, Astral and Thermax experienced sharp stock price declines due to widespread market selling. Thermax shares fell close to 20 percent, hitting a 52-week low, following the release of its second-quarter results for FY27.
Why it matters
The decline in Thermax shares followed a drop in net profit attributable to equity shareholders compared to the previous year, although the company raised its H2 FY27 revenue guidance. The broader market saw heavy selling pressure, with midcap and smallcap indices falling significantly.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
How it developed
Newest first. Tap a step to see who reported it.Both Astral and Thermax experienced sharp stock price declines due to market selloff.1 source
JM Financial maintained a sell rating on Thermax.1 source