LINDE INDIA Share Price Up by 6%; BSE OIL & GAS Index Down 0.2%

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LINDE INDIA share price has zoomed 6% and is presently trading at Rs 1,356.

Meanwhile, the BSE OIL & GAS Index is at 14,972 (down 0.2%).

Among the top Gainers in the BSE OIL & GAS Index today is LINDE INDIA (up 5.8%).

PETRONET LNG (down 0.6%) and CASTROL INDIA (down 0.6%) are among the top losers today.

Over the last one year, LINDE INDIA has moved up from Rs 759 to Rs 1,356, registering a gain of Rs 597 (up 78.5%).

On the other hand, the BSE OIL & GAS has moved up from 13,747 to 14,972, registering a gain of 1,225 points (up 8.8%) during the last 12 months.

The top buzzing stocks among the BSE OIL & GAS Index stocks during this same period were RELIANCE IND. (up 41.6%), INDRAPRASTHA GAS (up 17.5%) and GAIL (up 15.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 52,078 (down 0.3%).

The top gainers among the BSE Sensex stocks today are SBI (up 2.7%), POWER GRID (up 1.0%) and AXIS BANK (up 0.9%). Other gainers include L&T (up 0.9%) and BAJAJ AUTO (up 0.7%). The most traded stocks in the BSE Sensex are SBI and NTPC.

In the meantime, NSE Nifty is at 15,312 (down 0.2%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 3.8%), HERO MOTOCORP (up 2.9%) and SBI (up 2.6%). Other gainers include GAIL (up 2.2%) and HDFC LIFE INSURANCE (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,056 to 52,078, registering a gain of 11,022 points (up 26.52%).

LINDE INDIA Financial Update...

LINDE INDIA net profit down at Rs 390 million for the quarter ended March 2020, compared to a loss of Rs 6 billion a year ago. Net Sales declined 8.6% to Rs 3.8 billion during the period as against Rs 4.1 billion in January-March 2019.

For the year ended December 2018, LINDE INDIA reported 18.5% increase in net profit to Rs 257.0 million compared to net profit of Rs 217.0 million during FY17.

Revenue of the company grew 3.6% to Rs 22 billion during FY18.

The current Price to earnings ratio of LINDE INDIA, based on rolling 12 month earnings, stands at 15.8x.

This article (LINDE INDIA Share Price Up by 6%; BSE OIL & GAS Index Down 0.2%) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

LINDE INDIA Share Price Up by 6%; BSE OIL & GAS Index Down 0.2%