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Linde India Gains 6%; BSE OIL & GAS Index Up 1.5%
Wed, 12 Jun 10:51

Linde India share price has zoomed 6% and is presently trading at Rs 9,506.0.

Meanwhile, the BSE OIL & GAS index is at 29,495.8 (up 1.5%).

Among the top gainers in the BSE OIL & GAS index today are GAIL (up 2.2%) and BPCL (up 1.9%).

Over the last one year, Linde India has moved up from Rs 4,197.8 to Rs 9,506.0, registering a gain of Rs 5,308.2 (up 126.5%).

On the other hand, the BSE OIL & GAS index has moved up from 18,076.7 to 29,495.8, registering a gain of 63.2% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 106.8%), HPCL (up 93.6%) and IOC (up 84.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 77,033.6 (up 0.8%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 1.6%) and HCl Tech. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 23,421.4 (up 0.7%). Coal India and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 62,724.7 to 77,033.6, registering a gain of 14,308.9 points (up 22.8%).

Linde India Financial Update...

Linde India net profit grew 5.7% YoY to Rs 1,043 million for the quarter ended March 2024, compared to a profit of Rs 987 million a year ago. Net sales declined 0.0% to Rs 6,301 million during the period as against Rs 6,302 million in January-March 2023.

For the year ended March 2023, Linde India reported 6.1% increase in net profit to Rs 5,381 million compared to net profit of Rs 5,072 million during FY21. Revenue of the company grew 48.5% to Rs 31,355 million during FY23.

The current Price to earnings ratio of Linde India, based on rolling 12 month earnings, stands at 190.2.


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