Linde surges 10%, hits new high in a weak market; zooms 124% in 3 months

The company is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants

Shares of Line India, a supplier of medical oxygen to hospitals and industrial gases to corporations, surged 10 per cent to hit a new high of Rs 2,078.60 in intra-day trade on the BSE on Monday in an otherwise weak market on expectation of higher product demand, due to the rising coronavirus cases. The stock was trading higher for the fourth straight day, rallying 19 per cent during the period.

At 09:23 am, Linde India was trading 8.5 per cent higher at Rs 2,050, as compared to 1.8 per cent decline in the S&P BSE Sensex. In the past