Linde India declines as net loss widens in Q2

Linde India lost 4.82% to Rs 437.20 at 11:26 IST on BSE after the company reported net loss of Rs 2.18 crore in Q2 June 2017, compared with net loss of Rs 1.96 crore in Q2 June 2016.

The result was announced after market hours yesterday, 17 July 2017.

Meanwhile, the S&P BSE Sensex was down 245.45 points, or 0.77% at 31,829.33. The S&P BSE Mid-Cap index was down 0.88 points, or 0.01% at 15,196.57.

On the BSE, 4,866 shares were traded on the counter so far as against the average daily volumes of 4,950 shares in the past one quarter. The stock had hit a high of Rs 445.80 and a low of Rs 435 so far during the day. The stock had hit a 52-week high of Rs 499 on 13 April 2017 and a 52-week low of Rs 321.10 on 21 July 2016.

The stock had outperformed the market over the past one month till 17 July 2017, advancing 3.66% compared with the Sensex's 3.28% rise. The scrip had, however, underperformed the market over the past one quarter sliding 2.9% as against the Sensex's 9.05% rise. The scrip had, however, outperformed the market over the past one year advancing 36.35% as against the Sensex's 15.23% rise.

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

Linde India's net sales rose 14.6% to Rs 493.35 crore in Q2 June 2017 over Q2 June 2016.

Linde India is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects. Its segments include gases and related products and project engineering.

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