On Wednesday, Linde India’s shares jumped to 19 per cent to Rs 2,728 on the BSE in intra-day amidst the backdrop of heavy volumes. Since the previous two days, the stocks of this industrial gas manufacturing company has significantly raised to 34 per cent, leading it to an all-time high record on the BSE.
The trading volumes witnessed a five-fold jump, mixed with 3 million equity shares on the NSE and BSE platforms by 02:31 pm. The Linde Group emerged as the world’s leading supplier of industrial gases globally. The company comprises around 75 per cent subsidiary of The BOC Group Ltd, UK (fully owned by the subsidiary of Linde AG and a portion of The Linde Group).
In the first half as of June 2021 (H1CY21), Linde India scored the topmost results, accounting for its consolidated profit before tax to be 131 per cent on a year-on-year basis (YoY) at Rs 201.8 crore, compared to Rs 87.2 crore in the same period the previous year. Consolidated revenue from operations rose to 53.6 per cent at Rs 960.6 crore on a YoY grounds.
The Project Engineering Division enjoys a comfortable order book, which stood at Rs 1,100 crore as of December 31, 2020. The growth and expansion programs in the various refineries, as well as the steel sector, are expected to create enormous opportunities for the project engineering division, Linde India said in the December 2020 annual report.
