1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
After GOI's green H2 policy announcement
LINDEINDIA
gave a high-volume breakout after a consolidation of almost 6 months. It's a buy at current price with a stop loss at or below Rs.2645. Quarterly results are due on Feb 24th. One can wait until the results are announced. It's a good opportunity as Linde is a pioneer in Blue Hydrogen plants.
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
After GOI's green H2 policy announcement
LINDEINDIA
gave a high-volume breakout after a consolidation of almost 6 months. It's a buy at current price with a stop loss at or below Rs.2645. Quarterly results are due on Feb 24th. One can wait until the results are announced. It's a good opportunity as Linde is a pioneer in Blue Hydrogen plants.
Trade closed: stop reached
1. Linde India Limited, a subsidiary of BOC Group,UK (owns 75% stake in the co), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non cryogenic air separation plants.
2. Geographical Split
Project engineering division had reportable sales for the company outside India.
Domestic Sales: 85% in 2020 vs 74% in 2017
Export Sales: 15% in 2020 vs 26% in 2017
3. The company’s client base include HPCL, IOCL, BPCL, ONGC, GAIL, MRPL,HMEL, CPCL, Tata, SAIL, JSW
4. The company’s joint venture, Bellary Oxygen Company Private Ltd accepted JSW Steel’s offer for purchase of the 855 tonnes per day Air Separation Unit and other assets which form part of the Belloxy Divestment, for an amount of Rs. 50 crores. The JV company has handed over the possession of the 855 tpd ASU JSW Steel Ltd. as of 15 November 2021
5. The company, on 2 August 2021 acquired HPS Gases Ltd (Vadodara) and its entire packaged gases business along with certain distribution assets with effect from 1 November 2021 for an aggregate cash consideration of 27.5 crore. In line with this acquisition, Linde India will supply liquid products to HPS Gases Ltd. and purchase gases in packaged and mini bulk from HPS Gases Ltd. under a long term contract with them
6. The company has approved a capex of 29 crores for sourcing renewable power for the merchant Air Separation Units at Taloja (Maharashtra) and Dahej (Gujarat) and the under-construction air separation plant in Sri City (Andhra Pradesh). It will be entering into JV agreements with the identified solar power generating companies through setting up of Special Purpose Vehicles with equity up to a limit of 26%. On 24th January 2022, the company approved a capital expenditure proposal for setting-up a 264 tonnes per day merchant Air Separation Unit in Ludhiana to secure growth in the gases business in Northern markets and deliver cost savings. The Board has approved a total capital expenditure of 152 crores towards the construction, which is expected to be on stream by December 2023
7. Current ratio 2.06, Debt to equity 0.00, Int Coverage 139
8. September quarter sales and profit growth of 37% and 80% respectively
9. TTM sales and profit growth of 38% and 119%
10. Borrowings came down since Dec'19 from 108cr to 6cr in Jun'21
11. Company has been maintaining a healthy dividend payout of 22.12% (consistent dividend payer since 2009)