Thermax Ltd. Share Price

Thermax Remains Weak Below the Ichimoku Cloud

is closely linked to the domestic capex, industrial efficiency and de-carbonisation themes through its exposure to energy solutions, clean air, water treatment and industrial utilities. These are structurally relevant areas as manufacturing investment rises and companies spend more on energy efficiency and environmental compliance. Yet the current chart is clearly in a corrective phase. Price near ₹3,630 is trading below the Ichimoku conversion line and base line, while the cloud is positioned above price, turning the entire ₹3,850–4,400 region into a broad overhead resistance zone. The forward cloud is also bearish, which reinforces the view that trend pressure has not yet eased. The stock has been making lower highs since the July peak near ₹5,200, and the recent decline has brought it back toward the ₹3,600 region. This area now becomes an important short-term support. A break below it can extend the correction toward the ₹3,450–3,500 zone. On the upside, price would first need to reclaim the Tenkan and Kijun lines, but a meaningful trend reversal would require a sustained move back above the cloud itself. Until then, the setup remains technically weak despite the long-term industrial theme.

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VA Tech Wabag Wins Repeat RIL ETP Order at Jamnagar

has secured a repeat medium-sized order from Reliance Industries Limited (RIL) for the design, engineering, manufacturing, supply, erection and commissioning of a state-of-the-art Effluent Treatment Plant (ETP) at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. The order falls in the ₹100–250 crore (₹1–2.5 billion) category as classified by the company. The proposed ETP, scheduled for completion in 13 months, will feature chemical and biological treatment using advanced technologies along with sludge treatment incorporating low-temperature drying for efficient management. This repeat order reinforces VA Tech Wabag’s long-standing relationship with RIL and underscores the continued trust in its capabilities for industrial water and wastewater solutions. The win supports the company’s strong order book and execution pipeline in the industrial segment. **Top stocks in the water treatment industry:** Ion Exchange (India), Thermax, and Enviro Infra Engineers.

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IPO FEVER--->NEW MAINBOARD IPO | STEAMHOUSE INDIA LIMITED

The IPO market is about to get extremely busy! Steamhouse India Limited is set to launch its Mainboard IPO from 9th September to 11th September 2026, with a total issue size of ₹414 crore. And there’s an even bigger story — 6 Mainboard IPOs are opening during the same 09–11 September window, making this one of the busiest IPO weeks of 2026. Steamhouse India IPO — Key Details IPO Dates: 09–11 September 2026 Fresh Issue: ₹353 crore Offer for Sale: ₹61 crore Total Issue Size: ₹414 crore Retail Quota: 35% Book Running Lead Manager: Equirus Capital Registrar: KFin Technologies Proposed Listing: BSE & NSE ##What does Steamhouse India actually do? This is where the company gets interesting. Steamhouse India operates in the industrial gas and energy-solutions space, with its core business focused on the generation and distribution of steam through centralised/community boiler systems. Instead of individual factories setting up and operating their own boilers, Steamhouse develops centralised steam-generation facilities and supplies steam to industrial customers through a pipeline network. The company also operates in steam purchase & distribution and nitrogen generation and distribution. Its customers are spread across industries such as: Pharmaceuticals Chemicals & Agro-chemicals Textiles Tyres Dyes & Pigments Polymers Paints #FOCUS STOCKS

ELLENBARRIE GASES INOX INDIA THERMAX @@ Why is Steamhouse raising ₹353 crore? Importantly, the fresh issue money goes to the company, unlike the OFS portion, where proceeds go to the selling shareholder. ##BUT… THE BIGGEST STORY IS THE IPO CLASH! Steamhouse India isn't entering the market alone. 6 Mainboard IPOs are lined up for the same 09–11 September period, potentially creating a huge competition for investor capital.

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India’s Clean Fuel Push Could Create a New Energy Opportunity

India is trying to change the way it fuels its growth. The country wants to scale up domestic clean-fuel production dramatically over the next 5–10 years, with the bigger objective of reducing dependence on imported energy and strengthening energy security. The opportunity goes beyond just renewable power. Ethanol, compressed biogas, sustainable aviation fuel and green hydrogen are emerging as important pieces of India’s clean-energy transition. Government policy is already supporting higher ethanol blending, CBG expansion and sustainable fuel development. If this transition accelerates, companies involved in fuel production, refining, gas infrastructure, hydrogen, renewable power and clean-energy engineering could see increasing strategic relevance. Reliance Industries

— Building capabilities across hydrogen, renewable energy and new-energy value chains. Indian Oil Corporation — Expanding into ethanol, sustainable aviation fuel and other cleaner fuel initiatives. GAIL (India) — Potential beneficiary of expanding gas infrastructure and the transition toward lower-carbon fuels. NTPC — Building a larger renewable and green-hydrogen ecosystem alongside its conventional power business. Larsen & Toubro — Engineering and infrastructure capabilities position it across emerging hydrogen and clean-energy projects. Thermax — Exposure to industrial energy-efficiency and clean-energy solutions. These are companies to study, not buy recommendations. The actual benefit to each company will depend on execution, project economics, policy support, capital allocation and valuations. The bigger story is simple: India’s energy transition is increasingly becoming an industrial and infrastructure opportunity, not just an environmental goal.

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The Last Ton of Coal Isn't the End: The Hidden Business of Closing a Mine

A coal mine's closure is a decades-long engineering, environmental, and financial process, creating opportunities for infrastructure, remediation, and clean energy. Most people think closing a coal mine is like shutting a shop. Lock the gate, hand over the keys, and walk away. Reality is very different. When the last truck leaves a coal mine, the real work has only just begun. Underground tunnels continue filling with water. The land above can sink years later. Waste dumps can contaminate rivers during monsoons. Methane and other gases remain underground. A mine doesn't disappear simply because production stops. One of India's coal mines stopped producing in 1975, yet received its final scientific closure approval only in 2025 a journey of nearly 50 years. This reminds us that mining is not only about extracting resources. It is also about restoring land, protecting communities, and managing environmental risks that can last for generations. As India modernizes its mining sector and eventually retires older mines, an entirely new ecosystem of businesses stands to benefit. • Larsen & Toubro (LT)

– Mine rehabilitation, civil engineering & infrastructure. • ABB India – Electrification, automation and water management systems. • Cummins India – Power solutions for remediation and mining infrastructure. • Thermax – Water treatment and environmental engineering. • NTPC – Mine reclamation, renewable energy and solar development on reclaimed land. • Tata Power – Utility-scale solar projects on rehabilitated mining land. • JSW Energy – Renewable energy expansion and energy transition opportunities. The future of mining isn't only about producing more coal. It is equally about who can safely restore yesterday's mines while building tomorrow's energy infrastructure. Sometimes, the biggest investment opportunities begin after the last tonne of coal is mined.

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MOMENTUM MANTRA DAILY RUN-UP 📅 31 July 2026

MOMENTUM MANTRA DAILY RUN-UP 📅 31 July 2026 🔔 Opening View Indian markets are likely to open on a slightly positive note, with GIFT Nifty trading near 24,409, up 50.50 points (+0.21%). Positive global cues and sustained buying interest may support sentiment, while the 24,400–24,500 zone will remain the immediate resistance area to watch. 📈 📈 Market Recap Indian equity benchmarks ended higher in a volatile session, supported by gains in Maruti Suzuki, Mahindra & Mahindra, and Reliance Industries. Strong FII inflows, a firmer rupee, and encouraging Q1FY27 earnings boosted sentiment, though gains remained capped amid ongoing West Asia geopolitical tensions. 📈 Nifty Key Levels ▪️ Support: 24,220 | 24,130 ▪️ Resistance: 24,370 | 24,460 💰 FII/DII Flow ▪️ FII: +₹3,623.51 cr. ▪️ DII: -₹1,864.03 cr. 📊 Options Positioning ▪️ PCR: 1.26 (Bullish) – Higher Put OI than Call OI reflects strong Put writing and a positive near-term market bias. ▪️ Resistance: 24,500–24,700 zone, with significant Call OI concentration at 24,600, 24,500, and 24,700. ▪️ Support: 24,250–24,200 zone, backed by strong Put OI buildup, with the highest Put OI at 24,250, followed by 24,200 and 24,300. ▪️ Max Pain: 24,250 – Indicates *24,250* as the equilibrium level for the current weekly expiry. ▪️ Interpretation: PCR at 1.26 reflects a *strong bullish undertone, with Put writers maintaining firm control around *24,250. As long as Nifty holds above 24,250, the positive bias is likely to remain intact. A sustained move above 24,400 could trigger fresh buying toward 24,520 and higher, while a break below 24,250 may lead to profit booking toward 24,200–24,100. Source: NSE India 🏭 Sectoral Outlook 🟢 Bank Nifty – Buy on Dips 🟢 PSU Bank – Buy on Dips 🟢 Metal – Buy on Dips 🟢 Energy – Buy on Dips 🟢 Pharma – Buy on Dips 🟢 Auto – Accumulate 🟡 Realty – Stock Specific 🚫 Stocks In NEWS

⚠️ For informational purposes only. Not investment advice.

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