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Showing posts with the label linde india share price

Nifty MNC stocks to buy: MNCs are not only about FMCG, some are about the India story: 7 non-FMCG MNC stocks with upside potential of up to 27%

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[hfe_template id='11223'] [ad_1] Synopsis In times of volatility, wisdom on the street is that it is good to pick MNC stocks as they tend to fall less in a bearish market. Before accepting this argument, look at the underlying business. If that is sound, only then buy the stock. Here, too, be clear whether you are buying the stock as a tactical hedge or a long-term investment. Also consider which definition would suit an MNC more. First: A company whose majority stake is held by foreign company. And second: A company where not only is the majority stake held by a foreign entity, but the parent company operates in different parts of the world. Why is this distinction important? Because there is a difference in the valuation of these two sets of companies. Just to put in perspective: Is Maruti-Suzuki an MNC? Technically yes, but in reality no. There was a time when MNC stocks were considered safe havens and FMCG companies were at the top of the list. Over the years, there ...

Large-cap stocks to buy: Staying bullish & volatility-ready is the solution: 5 large-caps from different sectors with an upside potential of up to 41%

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[hfe_template id='11223'] [ad_1] Synopsis It is very likely that the first six months of 2025 will be very different from the next six. The reason is simple: The world will adjust to the new order which the Trump administration will usher in on January 20. This will affect equity markets, but the first impact will be felt in the currency markets. So, keep an eye on the currency market, as currency depreciation is likely to remain in focus for the next couple of months. In order to tackle volatility, it would be better to stick with large-cap businesses which are growing and are likely to remain in that mode for one or the other reason. There are early signs that the market may stay in volatile mode for global reasons, though the underlying sentiment is turning bullish once again. Today, while other Asian markets came under pressure, both the Nifty and Sensex were trading with gains at mid-day. As a growing economy, India has been performing well and the kind of slowdowns...

Linde India shares rise over 6% on acquiring Tata Steel's gas supply assets

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[hfe_template id='11223'] [ad_1] Linde India shares jumped 6.1% to Rs 7641.6 on Thursday after the company announced that it had entered into a plant sale agreement with Tata Steel to acquire their industrial gas supply assets. The deal includes the acquisition of two 1800 TPD Air Separation Units (ASUs) at Tata Steel’s Kalinganagar Phase 2 expansion project, as per Linde India’s exchange filing. This follows Tata Steel naming Linde India as the successful bidder to own and operate gas supply infrastructure at its Kalinganagar plant for 20 years. As part of the agreement, Linde India will take over the two ASUs currently under construction and finance the purchase using its own funds. At 11:27 a.m., the stock was trading 3.7% higher at Rs 7,471 on BSE. Year-to-date (YTD), the stock has surged 32%, and it has rallied nearly 120% over the past two years.Brokerage firm Haitong maintained its "Outperform" rating on Linde India with a target price of Rs 8,546, sugge...