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The plant of 1,000 tonnes per day capacity will be installed on construct, operate and maintain (COM) basis.

Linde India shares up 2% on SAIL order for setting up oxygen plant

The contract involves installation of 1000 tonnes per day cryogenic oxygen plant on construct, operate and maintain (COM) basis for a period of 20 years from the date of commissioning of the plant and ancillary facilities with provision of renewal for a further period of 5 years on mutual agreement basis.Linde India is a 75% subsidiary of The BOC Group Ltd, UK (wholly owned subsidiary of Linde AG and part of the Linde group), is one of the largest players in the domestic gases business. The Linde group is the worlds leading supplier of industrial, process, and specialty gases, with operations across 100 countries.On consolidated net profit declined 41.9% to Rs 99.88 crore in Q1 FY24 as compared with Rs 171.88 crore in Q1 FY23. Net sales jumped 22.6% year on year to Rs 721.01 crore in Q1 FY24 over Q1 FY23.The scrip had added 2.10% to end at Rs 5916.40 on the BSE on Friday.

Linde India bags LoA from SAIL for installation of cryogenic oxygen plant 

Linde India has been awarded a ‘Letter of Acceptance dated 25 August 2023 by Steel Authority of India (SAIL) for installation of 1000 tonnes per day Cryogenic Oxygen Plant on Construct, Operate and Maintain (COM) basis for a period of 20 years from the date of commissioning of the plant and ancillary facilities with provision of renewal for a further period of 5 years on mutual agreement basis at the SAILs plant situated at Rourkela.

Linde India receives LoA from Steel Authority of India 

MMTC Ltd, Lakshmi Machine Works Ltd, CESC Ltd, Honeywell Automation India Ltd are among the other stocks to see a surge in volumes on NSE today, 23 August 2023.Linde India Ltd saw volume of 9.14 lakh shares by 14:14 IST on NSE, a 10.39 fold spurt over two-week average daily volume of 88049 shares. The stock increased 4.03%  to Rs.5,997.95. Volumes stood at 4.76 lakh shares in the last session.MMTC Ltd saw volume of 540.58 lakh shares by 14:14 IST on NSE, a 9.28 fold spurt over two-week average daily volume of 58.28 lakh shares. The stock increased 8.61%  to Rs.42.90. Volumes stood at 103.54 lakh shares in the last session.Lakshmi Machine Works Ltd recorded volume of 31970 shares by 14:14 IST on NSE, a 8.69 times surge over two-week average daily volume of 3680 shares. The stock gained 1.41%  to Rs.13,515.85. Volumes stood at 3347 shares in the last session.CESC Ltd witnessed volume of 242.72 lakh shares by 14:14 IST on NSE, a 8.23 times surge over two-week average daily volume of 29.47 lakh shares. The stock increased 7.01%  to Rs.84.00. Volumes stood at 32.51 lakh shares in the last session.Honeywell Automation India Ltd witnessed volume of 11936 shares by 14:14 IST on NSE, a 7.05 times surge over two-week average daily volume of 1692 shares. The stock increased 0.80%  to Rs.40,530.10. Volumes stood at 1925 shares in the last session.

Volumes jump at Linde India Ltd counter

The contract includes setting-up of Air Separation Unit (ASU) on a site licensed by IOCL within its Panipat Refinery Complex for production and supply of instrument air, plant air and cryogenic nitrogen to IOCL Panipat Refinery Expansion Project (P25). On completion of the construction and the performance test of the aforesaid ASU, Linde India will enter into requisite Agreements with IOCL for operating and maintaining the facility for a period of 20 years from the first delivery date. Linde India expects to fund the capital expenditure by its own fundsinternal accruals.Linde India is a 75% subsidiary of The BOC Group Ltd, UK (wholly owned subsidiary of Linde AG and part of the Linde group), is one of the largest players in the domestic gases business. The Linde group is the worlds leading supplier of industrial, process, and specialty gases, with operations across 100 countries.On consolidated net profit declined 41.9% to Rs 99.88 crore in Q1 FY24 as compared with Rs 171.88 crore in Q1 FY23. Net sales jumped 22.6% year on year to Rs 721.01 crore in Q1 FY24 over Q1 FY23.The stock hit all time high at Rs 6,164.65 in intraday today.

Linde India hits all time high after bagging order from IOCL 

Shares of the industrial gases company jumped 15.09% in five trading sessions from its previous closing low of Rs 4,886.65 on 14 August 2023.The stock hit its all time high of Rs 5,675 today. The counter has zoomed 91.76% from its 52-week low of Rs 2,932.85 hit on 2 November 2022.On the BSE, 15,259 shares were traded in the counter so far compared with average daily volumes of 2,043 shares in the past two weeks. The stock had outperformed the market over the past one month, advancing 23.07% compared with 2.19% decline in the Sensex.The scrip outperformed the market in past one quarter, jumping 44.34% as against Sensexs 5.26% rise.The counter had also outperformed the market in past one year, surging 69.51% as against 10.97% jump in Sensex.On the technical front, the stocks daily RSI (relative strength index) stood at 81.035. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.In daily chart, the stock is trading above its 50, 100 and 200 days simple moving average (SMA) placed at 4,640.29, 4,318.90 and 3871.48 respectively. These levels will act as crucial support zones in near term.Linde India is a 75% subsidiary of The BOC Group Ltd, UK (wholly owned subsidiary of Linde AG and part of the Linde group), is one of the largest players in the domestic gases business. The Linde group is the worlds leading supplier of industrial, process, and specialty gases, with operations across 100 countries.The companys consolidated net profit tumbled 41.9% to Rs 99.88 crore in Q1 FY24 as against Rs 171.88 crore posted in Q1 FY23. Net sales jumped 22.6% year on year to Rs 721.01 crore during the quarter.

Linde India hits record high; jumps 15% in five days

Linde India Consolidated June 2023 Net Sales at Rs 721.01 crore, up 22.61% Y-o-Y

Linde India Standalone June 2023 Net Sales at Rs 721.01 crore, up 22.61% Y-o-Y

Nifty is still holding above 20, 50 and 100 day EMAs, which indicates the bullish trend on all time frames.

Hot Stocks | Indian Bank, CARE Ratings, Linde India may fetch up to 12% return in short term

The trend is definitely positive, but considering the one-way rally of last several sessions, the possibility of some profit taking can't be ruled out in near term before we are getting into next leg of upmove, experts said.

With Nifty at psychological 20,000 mark, experts advise buying these top 10 stock ideas for next 3-4 weeks

Linde India Ltd. engages in the manufacture and distribution of industrial gases. It operates through the following segments: Gases and Related Products, and Project Engineering. The Gases and Related Products segment is composed of pipeline gas supplies such as liquefied gas through cryogenic tankers and compressed gas in cylinders to industrial customers. The Project Engineering segment is involved in the business of design and engineering, supply, installation and commission of tonnage air separation units of medium to large size. The company was founded on January 24, 1935 and is headquartered in Kolkata, India.

Watchers	61
52-Wk Low	2,928.55
52-Wk High	6,790.00

Market Cap	500.81B
Volume (M)	63,551.00
52-Wk High	6,790.00
52-Wk Low	2,928.55

LINDEINDIA.NSE Linde India Ltd

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