Shares of Linde India slipped 0.28 per cent while those of Bhagawati Oxygen rose 5 per cent, National Oxygen 2 per cent and Gagan Gases 5 per cent

Stocks of smallcap oxygen producers surge, large players see profit taking

Bombay Oxygen, National Oxygen Ltd and Bhagawati Oxygen Ltd—all tiny firms not listed on any major stock index—have surged 47% or more in April, a period in which India’s broader market has slumped 2%.

Oxygen shares, real and imaginary, rally

Bombay Oxygen, National Oxygen Ltd and Bhagawati Oxygen Ltd have surged 47% or more this month

‘Oxygen’ rally in Indian stock market. Name just enough to lift shares

Bhagawati Oxygen reports standalone net loss of Rs 0.90 crore in the December 2020 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Bhagawati Oxygen is engaged in business of industrial gases.