BUZZ-Linde India hits 7-month high on quarterly profit jump

Reuters02-10
BUZZ-Linde India hits 7-month high on quarterly profit jump

** Shares of Linde India LIND.ND climb as much as 9.8% to a seven-month high of 6,907 rupees, last up 5.5%

** Industrial gases co reported 66% y/y rise in December-quarter profit at 1.93 billion rupees; rev rises ~16%

** Antique Stock Broking hikes PT to 5,869 rupees from 5,356 rupees, calling it a stellar quarter with a beat across all fronts

** Brokerage expects LIND to post 11% revenue CAGR over FY25-28E on the back of demand from steel, manufacturing, and healthcare sectors

** More than 544,000 shares exchange hands, ~18x the 30-day avg vol

** Year-to-date, stock up 12%

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

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