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Linde India Plunges 3%; BSE OIL & GAS Index Up 0.3%
Wed, 14 Aug 10:30

Linde India Plunges 3%; BSE OIL & GAS Index Up 0.3%Image source: Sefa Ozel/www.istockphoto.com

Linde India share price has plunged 3% and is presently trading at Rs 7,240.7.

Meanwhile, the BSE OIL & GAS index is at 31,744.2 (up 0.3%).

Among the top losers in the BSE OIL & GAS index today are GUJARAT GAS (down 1.7%) and ADANI TOTAL GAS (down 1.4%).

BPCL (up 1.5%) and HPCL (up 1.2%) are among the top gainers today.

Over the last one year, Linde India has moved up from Rs 4,886.7 to Rs 7,240.7, registering a gain of Rs 2,354.0 (up 48.2%).

On the other hand, the BSE OIL & GAS index has moved up from 18,983.0 to 31,744.2, registering a gain of 67.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 113.9%), GAIL (up 102.2%) and ONGC (up 88.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,034.7 (up 0.1%).

The top gainers among the BSE Sensex today are TCS (up 2.3%) and HCl Tech. (up 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and Infosys.

In the meantime, NSE Nifty is at 24,140.9 . APOLLO HOSPITALS and TCS are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,401.9 to 79,034.7, registering a gain of 13,632.8 points (up 20.8%).

Linde India Financial Update...

Linde India net profit grew 13.6% YoY to Rs 1,115 million for the quarter ended June 2024, compared to a profit of Rs 981 million a year ago. Net sales declined 9.4% to Rs 6,532 million during the period as against Rs 7,210 million in April-June 2023.

For the year ended March 2024, Linde India reported 19.3% decrease in net profit to Rs 4,341 million compared to net profit of Rs 5,381 million during FY23. Revenue of the company fell 11.7% to Rs 27,687 million during FY24.

The current Price to earnings ratio of Linde India, based on rolling 12 month earnings, stands at 140.4.

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