Linde India hits record high on delisting plan; stock zooms 36% in 3 days

The stock hit a record high of Rs 620, up 6% on Monday, rallying 36% in past three trading days from Rs 455, as compared to 0.71% rise in the S&P BSE Sensex.

Shares of Linde India hit a record high of Rs 620 per share, up 6%, extending their over 25% rally in past two trading sessions, after the BOC Group, promoter of the company offered to take full ownership of the company and delist the firm from the BSE and NSE.

The stock rallied 36% in past three trading days from Rs 455 on November 6, as compared to 0.71% rise in the S&P BSE Sensex. In 10 trading days, it zoomed 56% against 6% rise in the benchmark index.

“The Company has received a letter dated 7 November