Linde plc Share Price in India, Check LIN Stock Performance Today

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Shareholding Pattern

Linde India, formerly known as BOC India, is a member of Linde Plc. Calling Linde India a life-time growth opportunity, the brokerage has initiated coverage on the stock with a ‘buy’ rating and a price target of Rs 2,170 based on 45 times Calendar 2023 earnings. Industrial gases major BOC India is eyeing the petroleum and petrochemicals sectors for growth. Please read all scheme related documents carefully before investing. The price-earnings ratio is a company’s share price to the company’s Earnings per Share. The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued.

In line with these agreements, Linde India will supply liquid products to HPS Gases and purchase gases in packaged and mini bulk from HPS Gases, under a long-term contract with them. The company delivered strong operational performance on the back of stringent oxygen supply shortage in the country due to the second covid wave. The company has declared positive results for the last three consecutive quarters. According to some media reports, these two segments of the company will help the country to become the new ‘Global Hydrogen Hub’.

Here’s why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster. Linde India is a leading supplier of gases and related products and services in India. In the first half of the year 2021, the company has reported robust results, with its consolidated profit before tax up 131% year on year at Rs 2 bn, against Rs 872 m in the same period last year.

Linde announced today that it has completed its intercompany reorganization resulting in the delisting of its shares from the Frankfurt Stock Exchange. After completion of the proposed transaction, Linde plc will be owned by the two companies’ current shareholders, as per the notice. Earlier hospitals had supplies for six days, now they are reportedly only able to maintain four days of stock. Those needing oxygen increased sharply over the past weeks with more people coming in with severe illness, a Mumbai surgeon said, partly because doctors from rural hospitals without adequate facilities are sending patients to bigger cities. Linde plc shares has a market capitalization of $ 0.000 undefined. We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services.

Investing.com – U.S. equities were higher at the close on Thursday, as gains in the Technology, Oil & Gas and Healthcare sectors propelled shares higher. Investing.com – U.S. equities were higher at the close on Tuesday, as gains in the Technology, Financials and Industrials sectors propelled shares higher. Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Industrials, Financials and Oil & Gas sectors propelled shares lower. Investing.com – U.S. equities were higher at the close on Monday, as gains in the Oil & Gas, Utilities and Financials sectors propelled shares higher.

Germany shares lower at close of trade; DAX down 0.60%

Antique stock broking believes that Linde India falls in a similar category. Antique stock broking initiated coverage with Buy rating and target price of Rs 2170 based on 45 x CY23e earnings. In 2018, Linde Plc and Praxair Inc, the global No. 2 and No. 3 industrial gas players, merged their businesses. Following this in 2019, Linde India and Praxair India, integrated their businesses in India, subject to divestment of a few businesses. Antique stock broking believes that this wouldn’t have happened at a better time. Before business integration, Linde and Praxair commanded around 40-50% market share in the industrial gases market.

That said, the company’s strong presence in nitrogen supply and dry ice is seen as positive. The new holding company, also named “Linde plc”, will be listed solely on the New York Stock Exchange and as of March 2, 2023 will trade under the existing ticker “LIN”. The sole purpose of the reorganization is to reduce the number of stock exchanges where the Linde stock is listed. Investing.com – Germany equities were higher at the close on Friday, as gains in the Chemicals, Industrials and Media sectors propelled shares higher.

https://1investing.in/ Plc generated sales of $27 billion in 2020 with a market share of 32%. Linde India Ltd share price was up by 1.74% from the previous closing price of ₹3,916.40. Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the chemical and petrochemical space.

Investors lose $1 trillion in China’s wild week of market shocks

Linde India supplies a variety of gases and mixtures as well as provides a range of related services. Mr. Modi said green hydrogen will play a crucial role in helping the nation to mitigate climate change. After starting the day on a weak note, shares of Linde India bounced back and surged over 7% in intraday trade today on the back of heavy volumes. As of March 2, 2023, the new holding company, Linde plc, will be listed solely on the New York Stock Exchange and trade under the existing ticker “LIN”. Yes, you can buy Linde plc shares in India by simply opening an account with Scripbox.

Investing.com – Germany equities were mixed at the close on Wednesday, as gains in the Media, Telecoms and Food & Beverages sectors propelled shares higher while losses in the Construction,… Investing.com – Germany equities were lower at the close on Friday, as losses in the Technology, Media and Software sectors propelled shares lower. Investing.com – Germany equities were higher at the close on Thursday, as gains in the Pharmaceuticals & Healthcare, Technology and Basic Resources sectors propelled shares higher. Investing.com – Germany equities were lower at the close on Friday, as losses in the Construction, Industrials and Financial Services sectors propelled shares lower. Investing.com – U.S. equities were lower at the close on Monday, as losses in the Technology, Financials and Oil & Gas sectors propelled shares lower.

We have been tweaking our plants to produce as much liquid oxygen as possible. Our liquid oxygen capacities prior to the second wave (of Covid-19) were roughly around 2,000 metric tonnes per day. Right now, we are producing around 2,500-2,600 tonnes a day. The nearly $1 trillion selloff ignited by Beijing’s shock ban on profits at tutoring companies has triggered a new round of soul searching about the investment case for Chinese assets in the Xi Jinping era. After a two-year frenzy, retail investor participation and new account openings in places like South Korea and India are showing signs of fatigue. As on 30th Apr 2023, the P/E ratio for Linde plc shares is null.

Promoters on delisting spree as discounted shares beckon

We do not sell or rent your contact information to third parties. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. The price-to-book ratio is a company’s current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock.

Its ways to earn passive earnings revenue from operations grew 53.6% at Rs 9.6 bn on a YoY basis. Since then, many companies have come forward and queued up to announce projects based on this new venture. Linde India shares have delivered a return of more than 43% in the past week. This is an exclusive story available for selected readers only.

• After a two-year frenzy, retail investor participation and new account openings in places like South Korea and India are showing signs of fatigue.
• Most ‘high-growth’ quality MNC engineering companies are trading at a significant premium to the broad market, due to high quality businesses, growth opportunity and superior management quality.
• We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.
• The company delivered strong operational performance on the back of stringent oxygen supply shortage in the country due to the second covid wave.

Diverting industrial oxygen for medical use is hurting the output of finished steel, but the companies say saving lives is more important. Investments in securities market are subject to market risk, read all the related documents carefully before investing. Market cap or market capitalization is the total market value of all of a company’s outstanding shares. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. To know what’s moving the Indian stock markets today, check out the most recent share market updates here.

Linde India, after business integration with Praxair India, is well poised to register exponential earnings growth over the next 3-5 years, on the back of expected acceleration in demand for industrial gases in India. The company has a dominant position in the country, with a strong manufacturing base, brand equity and technological prowess. Most ‘high-growth’ quality MNC engineering companies are trading at a significant premium to the broad market, due to high quality businesses, growth opportunity and superior management quality.

Linde India acquires 26% in FPEL Surya for captive power use

Following that Linde India and Praxair India, integrated their businesses in India in 2019. Overseas investors poured a net $7.5 billion into nine regional markets so far in August, the biggest monthly inflow since end-2020, according to exchange data compiled by Bloomberg. India accounted for the lion’s share as foreigners pumped in $5.7 billion, while South Korea received $2.3 billion. The current size of Indian industrial gas market is estimated at Rs 20,000 crore, out of which nearly 40 per cent is captive. Antique said India’s industrial gas demand is set to surge exponentially, led by demand from metals, manufacturing and healthcare sectors.

• We do not sell or rent your contact information to third parties.
• Before Antique, Haitong Securities had on February 22 initiated coverage of the stock with an ‘outperform’ rating.
• The brokerage said most ‘high-growth’ quality MNC engineering companies are trading at a significant premium to the broader market due to high quality businesses, growth opportunity and superior management quality.
• The industrial gas maker has received a commendable response from the market participants during the last few trading sessions.

The company is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. Foreign promoters held 75 per cent stake in Linde India as of December quarter shareholding data. The company’s Rs 1,821 target price on the stock was based on 23 times EV/Ebitda, which was at 50 per cent premium to its 10 year average. Haitong expects Linde India’s growth and profitability trajectory to improve significantly versus its past performance. “Additionally, the quality of revenue mix is set to improve as the share of the non-cyclical sector is likely to go up. A debt-free balance sheet and powerful cash generation further supports our thesis,” it said.

ABOUT LINDE INDIA

Linde India reported EBITDA margin of 25.5% in CY20, despite lower revenue base. Antique stock broking believes that business integration with Praxair will bring cost and pricing synergies which will further enhance profitability. Is a leading global industrial gases and engineering company in India with sales of $31 billion. The company is engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants.

In February 2001, the company entered into a strategic alliance with Bharat Petroleum Corporation for distribution of liquefied petroleum gas . The company was converted into a public limited company in January 1958. It was incorporated in January 1935 with the name Indian oxygen and acetylene company. The Covid-19 pandemic has brought to the fore the urgency to ramp up the hospital infrastructure in the country as well as the supplies of medicines and oxygen, which bodes well for the company.

Linde India is a 75% subsidiary of The BOC Group, UK (wholly-owned subsidiary of Linde AG and part of the Linde group), and is one of the largest players in the domestic gases business. Over the last 30 days, the Linde India share price is up 45%. Over the last one year, the company’s share price is up 230%. This acquisition of the packaged gases business of HPS Gases will help expand Linde’s presence in packaged gas and micro bulk market in Western India. Three weeks back, Linde India announced the company entered into a business transfer agreement with HPS Gases to acquire its packaged gases business and distribution assets.