Stock Market News: As demands for oxygen keeps rising and is yet to be met, stock markets experts have advised to buy up shares’ oxygen producing companies for the short time. Due to the demand for oxygen products, the shares of such companies are expected to deliver better to its investors.
To start buying up shares of such oxygen producing companies, stock markets experts recommended a company named Linde India. Experts observed that profits on Linde India’s shares have gone up to 100% and it is expected further move upwards in the next three months.
In order to fill the shortage of oxygen supply in India, major corporates like ITC, TCS have sought to buy oxygen supplies from Linde India to forward them to the neediest COVID-19 treatment facilities in the country. So, revenues and profits of Linde India and other most sought-after oxygen supply companies are expected to move up in the short term itself.
So, it is advised to buy up stocks of Linde India after a profit booking, according to Avinash Gorakshkar, Head of Research at Profitmart. The company’s history shows that its stock has delivered more than 100% to the investors in the last three months.
Share price of Linde India had closed at ₹899.40 on 27th January 2021 while on 27th April 2021 it closed at ₹1887. In the last one year, Linde India share price has skyrocketed from ₹535.65 to ₹1887.
The above news is for information purpose only.