Shares of the industrial gases company jumped 15.09% in five trading sessions from its previous closing low of Rs 4,886.65 on 14 August 2023.

The stock hit its all time high of Rs 5,675 today. The counter has zoomed 91.76% from its 52-week low of Rs 2,932.85 hit on 2 November 2022.

On the BSE, 15,259 shares were traded in the counter so far compared with average daily volumes of 2,043 shares in the past two weeks.

The stock had outperformed the market over the past one month, advancing 23.07% compared with 2.19% decline in the Sensex.

The scrip outperformed the market in past one quarter, jumping 44.34% as against Sensex's 5.26% rise.

The counter had also outperformed the market in past one year, surging 69.51% as against 10.97% jump in Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 81.035. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

In daily chart, the stock is trading above its 50, 100 and 200 days simple moving average (SMA) placed at 4,640.29, 4,318.90 and 3871.48 respectively. These levels will act as crucial support zones in near term.

Linde India is a 75% subsidiary of The BOC Group Ltd, UK (wholly owned subsidiary of Linde AG and part of the Linde group), is one of the largest players in the domestic gases business. The Linde group is the world's leading supplier of industrial, process, and specialty gases, with operations across 100 countries.

The company's consolidated net profit tumbled 41.9% to Rs 99.88 crore in Q1 FY24 as against Rs 171.88 crore posted in Q1 FY23. Net sales jumped 22.6% year on year to Rs 721.01 crore during the quarter.