Linde India declines after poor Q3 results

Linde India lost 1.5% to Rs 399.70 at 15:18 IST on BSE after net profit declined 89.48% to Rs 1.05 crore on 14.92% growth in total income from operations to Rs 374.67 crore in Q3 September 2014 over Q3 September 2013.

The Q3 result was announced during market hours today, 28 October 2014.

Meanwhile, the S&P BSE Sensex was up 124.09 points or 0.46% at 26,876.99.

On BSE, so far 4,745 shares were traded in the counter as against average daily volume of 6,013 shares in the past one quarter.

The stock hit a high of Rs 407.70 and a low of Rs 386.90 so far during the day. The stock had hit a 52-week low of Rs 264 on 17 February 2014. The stock had hit a 52-week high of Rs 439.90 on 12 September 2014.

The stock had outperformed the market over the past one month till 27 October 2014, advancing 2.75% as compared with Sensex's 0.48% rise. The scrip had also outperformed the market in the past one quarter, surging 15.35% as compared to the Sensex's 2.4% rise.

The mid-cap company has equity capital of Rs 85.28 crore. Face value per share is Rs 10.

Linde India, formerly known as BOC India, is the leader in gases business in India, providing a one-stop solution to all businesses for gas supply and related equipment and services.

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