Linde India Limited up by 9.84%: Market Update By Espresso

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Espresso Shot of the Day - Linde India Limited up by 9.84 percent

February 21, 2022
Espresso Shot of the Day - Linde India Limited up by 9.84 percent

LINDE INDIA LIMITED 2966.75  (+9.84%) BSE – INE473A01011 | Feb 21, 2022


Linde India Limited (formerly BOC India Limited) has adapted global expertise to cater to the needs of the Indian industry. They have been operating for more than 80 years, delivering innovative, quality and reliable services and solutions that create value for customers. Linde India Limited is a member of Linde Plc. and is one of the leading industrial gas companies in India. Combining Linde Plc.’s advanced technology, their deep understanding of their customers’ businesses and strong local expertise in gases and engineering, they are able to provide tailor-made solutions that help their customers increase efficiency, productivity and flexibility in their operations while reducing energy costs and safeguarding the environment.

Recent Drivers

  • On Feb 14, 2022, the company announced that it has scheduled a meeting on Thursday, 24 February 2022, to consider and approve the Audited Annual Standalone and Consolidated Financial Results of the Company for the year ended on 31 December 2021 and to recommend dividend, if any.
  • On Feb 14, 2022, the company signed a 15-year long-term agreement with ESL Steel Ltd. (ESL), a Vedanta Group Company for the supply of 800 tonnes per day of Oxygen and 900 tonnes per day of Nitrogen at their steelworks at Bokaro.
  • On Feb 2, 2022, Linde, the leading industrial gases manufacturer moved to its new corporate office in Bangalore, India. 
  • On Dec 16, 2021, the company approved a proposal for aggregate capital expenditure of Rs.28.7 crores for sourcing of renewable power (solar/wind) for the merchant Air Separation Units owned/operated by Linde India Ltd. at Taloja (Maharashtra) and Dahej.
  • On Aug 11, 2021, the company reported Net Sales of Rs.519.17 crores in June 2021, up 109.23% from Rs.248.13 crores in June 2020.
  • On Aug 11, 2021, the company reported a Quarterly Net Profit of Rs.72.50 crores in June 2021, up 266.04% from Rs.19.81 crores in June 2020.
 (Sources: APN News, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by -2.16%
  • Traded on All Time high value 3004.45
  • 3 months avg. NSE volume: 126,072
  • Quantity traded: 51,458 | Deliverable quantity: 12,242 (23.79%),
  • Stock price has jumped more than 125% from one-year-low level: 1323.10 (Feb 22, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 3004.45 | 52-week-low: 1323.10


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

5390.87

4168.93

3329.87

2107.93

1268.87

46.93

-

     -

Fibonacci Pivot

4168.93

3381.63

2895.24

2581.96

2107.93

1633.90

1320.63

834.24

46.93


Today’s Close

2966.75

SMA

BSE

10 DAY

2681.48

20 DAY

2704.77

50 DAY

2590.41

200 DAY

2230.34


Some Key Ratios (Source: BSE)

Market Cap:  25,301.70 Crores

PE: 50.83

OPM%: 27.79

ROE%: 19.50

Promoters holding%: 75.00

Prev. Close: 2700.90


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.