Thermax shares fall 20% to 52-week low after Q2 results, JM Financial maintains sell

Thermax shares hit a 52-week low on Friday, falling close to 20 per cent following the company’s second-quarter results for FY27, as net profit attributable to equity shareholders declined compared with the year-ago period.The company reported a net profit of ₹114.54 crore in Q2FY27, down from ₹119…