Benchmark indices inched down, while sectoral indices were mixed. Top gainers were Linde India, GMR Airports and Suzlon Energy, driven by key order wins and improved results.
National Oxygen Ltd. saw a 20% surge in shares after reporting a 3310% increase in profit for the quarter ending June 2023. Revenues were down 1.9%, but profits were lower by 31% compared to the previous quarter. Shares rose to Rs 146 at 1.35 pm on the BSE.
Chennai Petroleum Corporation and Tina Rubber and Infrastructure are two other stocks wherein she cut stake during the March quarter. In the former, she reduced her holding by 0.1%. She held 3,164,020 shares or a 2.1% stake in Chennai Petro, worth Rs 80.7 crore, at the end of the March quarter.
Ace investor Dolly Khanna has picked stake in two new stocks for the quarter ended June 2022. The stocks from the oil and gas segment are Chennai Petroleum Corporation and National Oxygen. Both stocks have already delivered multi-bagger returns in one year.
Prime Minister Narendra Modi held a meeting with leading oxygen manufacturers across the country via video conferencing. PM Modi said this time is not only to deal with the challenges,...