Linde India surges 18% on heavy volumes
A combined 304,920 shares have already changed hands on the counter till 1117 hours against an average sub 37,000 shares that were traded daily in past two weeks on BSE and NSE.
Linde India (formerly BOC India) has surged 18% to Rs 298 in otherwise weak market on back of heavy volumes on the Bombay Stock Exchange (BSE).
The stock opened at Rs 253 and has seen almost ten-fold jump in trading volumes. As many as a combined 304,920 shares have already changed hands on the counter till 1117 hours against an average sub 37,000 shares that were traded daily in past two weeks on BSE and NSE.
The stock of industrial gases maker has appreciated 20% from its 52-week low of Rs 249 touched on Wednesday, March 10, 2013. The stock was hit 52-week high of Rs 530 on April 18, 2012.
Linde India is one of the companies in which promoter hold more than 75% stake. The market regulator the Securities and Exchange Board of India (Sebi) has mandated to the promoters of all listed companies in this country to reduce their stakes to 75% by June 2013.
German parent, Linde AG Group currently holds 89.48% stake in the company, the shareholding pattern data shows.
Earlier in 2011, the company failed to get the shares delisted due to poor response from the public shareholders to a buyback offer.
The stock opened at Rs 253 and has seen almost ten-fold jump in trading volumes. As many as a combined 304,920 shares have already changed hands on the counter till 1117 hours against an average sub 37,000 shares that were traded daily in past two weeks on BSE and NSE.
The stock of industrial gases maker has appreciated 20% from its 52-week low of Rs 249 touched on Wednesday, March 10, 2013. The stock was hit 52-week high of Rs 530 on April 18, 2012.
Linde India is one of the companies in which promoter hold more than 75% stake. The market regulator the Securities and Exchange Board of India (Sebi) has mandated to the promoters of all listed companies in this country to reduce their stakes to 75% by June 2013.
German parent, Linde AG Group currently holds 89.48% stake in the company, the shareholding pattern data shows.
Earlier in 2011, the company failed to get the shares delisted due to poor response from the public shareholders to a buyback offer.