The company said its net consolidated profit zoomed 50 percent during the quarter to Rs 99.25 crore.

Linde India stock spikes 4% on strong growth in Q4 profits

Leading industrial gas and engineering company Linde India Ltd. has invested around Rs 4.8 crore for 18.3 percent stake in FP Solar Shakti Pvt. Ltd, a renewable energy company.

The company has acquired 16.5 lakh equity shares of FP Solar Shakti through this transaction, allotted at a premium of Rs 19.01 each on face value of Rs 10.

Purpose of the acquisition is to purchase renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings, the company said in an exchange filing.

#lindeindia #lindeindiashares #lindeindiastocks #cnbctv18 #businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday  

Read web story: http://www.cnbctv18.com/market/stocks/linde-india-investment-in-renewable-energy-fp-solar-shakti-strategic-16220781.htm

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Linde India Shares Gain After Company Invests In Renewable Energy | Midcap Radar | CNBC-TV18

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Its trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range …

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Balrampur Chini has decisively broken above the falling channel pattern as well as multiple resistance zone on the weekly chart. The stock is forming a higher high-low on the daily chart

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The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Linde India Limited, formerly BOC India Limited, is engaged in the manufacturing of liquefied or compressed inorganic industrial or medical gases and construction of utility projects.

Linde India Ltd