Amid a deadly wave of coronavirus infections in the country and shortage of medical oxygen in India, certain gas makers stocks have caught the eye of the investors amid the surge in demand for oxygen as the sharp spike in Covid cases has overwhelmed India’s healthcare system. Many hospitals in India are grappling with a shortage of oxygen supply amid spiralling Covid-19 cases.
Oxygen manufacturer Linde India Ltd. has gained more than 90% so far this year. The company is a supplier of medical oxygen to hospitals and industrial gases to corporations. It is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants.
