BEML shares jumped after the company bagged order from Ministry of Defence (Army) for supply of Command Post Vehicles with contract value of around Rs 101 crore.
Stocks to watch today: Indian share markets could witness a range-bound trend with a mixed bias ahead of the RBI s monetary policy announcement later this week. Adani Ports, Coal India, Happiest Minds, Star Health, Tech Mahindra, Emami among stocks in focus on Tuesday (August 8).
O2 producers fire on all cylinders, many hit upper circuits
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Last Updated: Apr 26, 2021, 12:11 PM IST
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Linde India, which is one of the largest producers of oxygen in India, climbed 4.76 per cent to Rs 1,957. In the last three months, the scrip has surged 113 per cent.
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National Oxygen was up 2 per cent, hitting the upper circuit. Bhagwati Oxygen and Gagan Gases also rose 5 per cent each, with lakhs of pending buy orders and no seller in sight.
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NEW DELHI: Shares of oxygen-producing companies fired on all cylinders on Monday, as they surged amid continued acute shortage of life-saving gas in hospitals across India.
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NEW DELHI: Shares of multinational firm Linde India are up 100 per cent in last 60 days, and a whopping four times from their 52-week low of Rs 449.50 hit last April.
Mumbai brokerage Antique Stock Broking says the stock has potential to rally another 20 per cent going ahead, thanks to the prospects of 2.8 times earnings growth by FY23.
Calling Linde India a life-time growth opportunity, the brokerage has initiated coverage on the stock with a ‘buy’ rating and a price target of Rs 2,170 based on 45 times Calendar 2023 earnings.
The brokerage said most high-growth quality MNC engineering companies are trading at a significant premium to the broader market due to high quality businesses, growth opportunity and superior management quality. “We believe Linde India falls in the same category,” it said.