Top 4 Oxygen and Equipment related stocks to invest in :For the last few days there a shortage of Medical Oxygen in the market due to a surge in the Covid 19 cases. Many investors saw this as an opportunity to invest in Companies relates to oxygen production and started investing in a company named Bombay Oxygen Investment Ltd due to which the stock surged 145.5% in less than a month. However, Bombay Oxygen is no longer in the business of producing Oxygen. When investors got to know about this the stock fell by 5% on Thursday (22nd April).
Today over here we are going to tell the top 4 companies to invest in which are in the business of producing Oxygen.
1.Everest Kanto Cylinder Ltd: The company was formed in 1978 having its headquarters in India. The company not only produces Oxygen but is in the business of Manufacturing high pressured gas cylinders such as Compressed Natural Gas, Gas Cylinders and etc. The company is a small-cap company having its market valuation at Rs1242/- Crores as of 22nd April 2021. Currently, the stock price is Rs 121.75/- as of Thursday 22nd April. In the last one month, the company has given a return of 53.6%.
2.Bhagwati Oxygen Ltd: The company was founded in the year 1972 having its registered office in West Bengal. The company is in the business of producing industrial use gasses and oxygen. Sone of the biggest client of the company is NTPC, SAIL, etc. Currently, as of 22nd April, the companies share price is valued at Rs 19.88/- having its market valuation to 4.38 cr. In the last month, the company has given a return of 36.3%
3.National Oxygen: The company was formed in the year1974 having its headquarters in India. The market capitalization of the company is 29.7cr. Since the last one month, the company has given a return of around 77%. The current price of the companies share is 61.95. The company has a total debt of 39 crores.
4.Linde India: The company has a market cap of 15950 cr. The company has given a return of 4.08% in the last one month. The companies debt to equity ratio is 0 which means that the company has no debt in the market to pay. As of today 22nd April 2021 the price of the share is 1885.30/- Rs.
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these were the Top 4 Oxygen and Equipment related stocks to invest in Indian share market comment your views on these article for more related news follow readerscook on Instagram