Stocks in Focus: Omax Autos Surges 5%, Thermax Zooms 9%, Lenskart Up 0.63%

Mumbai, May 8: With the broad markets muted on Friday, investor attention shifted to stocks with specific triggers, with Omax Autos, Thermax, and Lenskart emerging as three of the most closely watched counters of the session each moving on distinct catalysts ranging from quarterly results and dividend declarations to a landmark block deal that unlocked a significant chunk of the eyewear retailer’s locked-in equity for the first time.

Omax Auto

Shares of Omax Autos surged 5 per cent on Friday to trade at ₹235.35, rising ₹11.20 from the previous close of ₹226.65, as the auto components maker rode a wave of buying interest following a double trigger of strong quarterly results and an interim dividend declaration.

The stock opened directly at ₹235.35 gap-up from the previous close and held that level steadily through the morning before experiencing a brief but sharp intraday dip around 11:00 am, touching a session low of ₹224.15 as some early buyers booked profits on the opening gap.

The stock recovered swiftly from the low, climbing back above ₹235.00 by 11:15 am and holding that level firmly through the remainder of the session until 3:00 pm, reflecting confident buying interest at every dip. The intraday high and the last traded price were identical at ₹235.35, indicating that the stock closed near the top of its range for the day, a technically positive sign.

The company’s board approved the audited financial results for the quarter and full year ended March 31, 2026, along with a declaration of an interim dividend of ₹2.50 per equity share of ₹10 each representing 25 per cent out of the profits for FY26, adding a shareholder return trigger to the day’s positive sentiment around the stock.

Thermax

Thermax was among the standout gainers in Friday’s session, surging 9.87 per cent to ₹4,595.20 from its previous close of ₹4,182.30, with the stock’s intraday chart tracing one of the cleanest upward trajectories of the day. The engineering major opened at ₹4,370.00 a strong gap-up of nearly ₹188 from the previous close and climbed relentlessly through the morning, scaling ₹4,500 by 10:00 am and touching an intraday high of ₹4,759.00 around 1:00 pm before settling slightly to ₹4,595.20 towards the close, with a session low of ₹4,306.00 recorded in the very opening minutes. The buying was clearly results-driven, with the stock spending the entire post-10:00 am session well above its previous close, reflecting broad investor enthusiasm for the quarterly numbers.

Thermax reported a net profit of ₹244.3 crore for Q4 FY26, up 19 per cent from the year-ago period, while revenue rose 12.5 per cent year-on-year to ₹3,428 crore, surpassing analyst expectations of ₹3,277 crore.

EBITDA increased nearly 25 per cent to ₹374.3 crore as operating margins expanded to 10.9 per cent from 9.8 per cent a year ago, driven by higher order inflows in industrial products, industrial infrastructure, and improved traction in heating, cooling, and water and waste management solutions.

The company also secured a boiler package order worth ₹1,600 crore during the quarter, strengthening its order book and medium-term revenue visibility, though the chemicals business remained under pressure from elevated raw material costs and an unfavourable product mix, while green solutions margins were dented by project overruns. The board recommended a final dividend of ₹14 per share for FY26.

Lenskart

Shares of Lenskart ended Friday’s volatile session marginally higher at ₹490.80, gaining ₹3.05 or 0.63 per cent from the previous close of ₹487.75, even as a massive block deal by existing investors kept the stock on a turbulent intraday ride. The stock opened at ₹487.00 and surged to an intraday high of ₹498.70 within the first 30 minutes of trade before selling pressure from the block deal dragged it sharply to a session low of ₹473.40 around 9:30 am a swing of over ₹25 from the peak within minutes.

The stock then clawed its way back above the previous close level, oscillating between ₹480 and ₹488 through the 11:00 am to 1:00 pm window before recovering further in the final hour of trade, closing near ₹490.80 as late buyers stepped in. The ability to close above the previous close despite the significant block deal supply is noteworthy, suggesting that underlying demand for the stock absorbed the selling pressure through the session.

According to a report by CNBC-TV18, as many as 11.22 crore shares or 6.46 per cent equity worth ₹5,315.6 crore changed hands at ₹473.4 per share. The channel had earlier on Thursday evening reported that certain existing investors in Lenskart were planning a clean-out trade through a block deal on Friday, with the proposed transaction initially involving the sale of up to 70.2 million shares worth nearly $350 million a deal size that was subsequently increased to around $600 million or approximately ₹5,650 crore.

Citing sources, the report added that investors including Birdseye View Holdings, TR Capital Mauritius, ABG Capital, and Kariba Holdings were looking to sell their entire stake, while Alpha Wave was also participating in the deal but would remain subject to a 90-day lock-in for any additional stake sale, with the floor price fixed at ₹470 per share a discount of around 3.6 per cent to Thursday’s closing price of ₹492.40.

Friday also marked the end of the six-month lock-in period for Lenskart, with as many as 1,047.4 million shares equivalent to 60 per cent of the company’s outstanding equity — becoming eligible for trading, significantly amplifying the supply-side pressure on the stock through the session.

Source:

• https://www.nseindia.com/get-quote/equity/OMAXAUTO/Omax-Autos-Limited
• https://www.nseindia.com/get-quote/equity/THERMAX/Thermax-Limited
• https://www.nseindia.com/get-quote/equity/LENSKART/Lenskart-Solutions-Limited