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Stocks of smallcap oxygen producers surge, large players see profit taking
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Shares of Linde India slipped 0.28 per cent while those of Bhagawati Oxygen rose 5 per cent, National Oxygen 2 per cent and Gagan Gases 5 per cent
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In the past three months, Linde India has surged 102 per cent, National Oxygen 41 per cent, Gagan Gases 46 per cent and Bhagwati Oxygen 33 per cent.
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NEW DELHI: Shares of companies that produce oxygen had a mixed show on Dalal Street on Friday, as demand for medical oxygen continued to rise. While stocks of bigger players saw profit booking, those of smaller companies hit upper circuit limits.
(This story originally appeared in on Apr 20, 2021)Mumbai: The shortage of oxygen for medical usage due to the ongoing healthcare crisis with a large part of it being supplied by industrial users is leading to strong buying in shares of the producers of this gas. The stocks of National Oxygen,
Linde India, Bhagwati Oxygen, Gagan Gas and some others are attracting good investor interest. The biggest producer, Inox Air Products, however, is not listed.
Along with the oxygen producers, even stocks of cylinder manufacturers like
Everest Kanto Cylinders are witnessing strong buying. In the last one month, National Oxygen has gained 42% to Rs 62 now, while Linde India is up a little over 9% to Rs 1,896. The stock has been on a strong upmove since last 11 months, from around Rs 500 level.
Oxygen companies stocks rally as crisis healthcare deepens
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Oxygen companies stocks rally as crisis healthcare deepens
TNN / Updated: Apr 20, 2021, 12:30 IST
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MUMBAI: The shortage of oxygen for medical usage due to the ongoing healthcare crisis with a large part of it being supplied by industrial users is leading to strong buying in shares of the producers of this gas. The stocks of National Oxygen, Linde India, Bhagwati Oxygen, Gagan Gas and some others are attracting good investor interest. The biggest producer, Inox Air Products, however, is not listed.
Along with the oxygen producers, even stocks of cylinder manufacturers like Everest Kanto Cylinders are witnessing strong buying.