Oxygen Cylinder manufacturing listed companies in India – Pumpimg of shares

As India is facing the 2nd wave of Covid Infections, Covid-19 patients are struggling to find medical oxygen cylinders for their treatments and due to the high demand for Oxygen Cylinders we are seeing some Oxygen Cylinder manufacturing listed companies rallying in the market from last few days.

Oxygen Cylinder manufacturing listed companies

Bombay Oxygen, National Oxygen Ltd. and Bhagwati Oxygen Ltd. are the few companies who have shown the rally of 47% in April month.

At many places the rates of oxygen cylinders are doubled and so on the game of demand and supply traders are showing interest in such stocks. This medical oxygen helps patients to provide the oxygen to blood1 & lungs.

Company formerly known as Bombay Oxygen Corp Ltd. is now known as Bombay Oxygen Investments Ltd. has ended their Oxygen production in 2019 and now as per the reports is non bank lender still there shares shoot upto 107% from the start of April.

Shares of notable gas producers like Linde India Ltd. which is German gas producing company showed rally and stock price doubled from the month of Feb when coronavirus infections in India surged and and wave began.

Petrochemical companies like Reliance Industries Ltd. and Indian Oil Corp also started producing medical oxygen to overcome the shortage of it. But shares of both companies are down by 4% this month. 

Shares of Gagan Gas Ltd also surged 47% thought they are gas making company like LPG which is Liquified Petroleum Gas and as per their plant manager they do not produce and oxygen which can be served for Covid Patients.

This all is tactical trade which took place recently in markets when the Coronavirus cases will be control the valuation of such companies will also be back to normal.

We also expected the same kind of pumping of stocks in Logistic sector as it was mandatory for covid vaccine transportation to be taken place in -54 degree celsius. But it didnt took place on this scale as there was only 1 or 2 companies doing that.

Other than Oxygen manufacturing stocks investors are also bullish on diagnostic stocks and Remdesivir manufacturing companies.

Apart from this, if you are intrested in IPOs then you must read our latest IPO Review – Zomato IPO Review.

FAQ of Oxygen Cylinder manufacturing listed companies.

Which are the Oxygen Cylinder manufacturing listed companies in India?

Linde India Ltd., National Oxygen Ltd. and Bhagwati Oxygen Ltd are few companies who produce medical Oxygen. Reliance Industries Ltd. and Indian Oil Corp also started producing medical oxygen to overcome the shortage of it.

Will the rally of Oxygen Cylinder manufacturing listed companies continue?

This all is tactical trade which took place recently in markets when the Coronavirus cases will be control the valuation of such companies will also be back to normal.

Should we invest in Oxygen Cylinder manufacturing companies?

The pumping shares of Oxygen Cylinder manufacturing companies is going to be for short term. But for long time we will not see such attractive valuations. So according to your risk profile you should take decisions.

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