Key Events This Week
Feb 9: Q3 FY26 results released, testing premium valuation despite strong operations
Feb 10: Intraday high surge of 6.06%, continuing upward momentum
Feb 13: Rebounded with a 5.05% intraday surge, rating upgraded to Hold
Feb 13: Week closes at Rs.6,900.10 (+14.05%) outperforming Sensex
Feb 9: Q3 FY26 Results Highlight Operational Strength Amid Valuation Concerns
Linde India Ltd commenced the week with the release of its Q3 FY26 results, which showcased strong operational performance. Despite this, the company’s premium valuation was noted as a test of investor patience. The stock responded positively, closing at Rs.6,292.85, up 4.01% on the day, outperforming the Sensex’s 1.04% gain. The robust results laid the foundation for the week’s bullish momentum, signalling confidence in the company’s fundamentals despite valuation scrutiny.
Feb 10: Intraday High Surge of 6.06% Reinforces Uptrend
On 10 February, Linde India Ltd demonstrated strong buying interest, opening with a gap up of 3.71% and closing with a 3.67% gain at Rs.6,523.60. The stock hit an intraday high of Rs.6,633.70, a 6.06% surge from the previous close, significantly outperforming the Industrial Gases & Fuels sector’s 2.07% gain and the Sensex’s 0.25% rise. This marked the fourth consecutive day of gains, cumulatively delivering an 11% return. The stock’s position above all key moving averages confirmed a well-established bullish trend, supported by strong technical momentum and positive market sentiment.
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Feb 11-12: Short-Term Consolidation Amid Market Fluctuations
The stock experienced a mild correction over 11 and 12 February, closing at Rs.6,485.50 (-0.58%) and Rs.6,447.35 (-0.59%) respectively. These declines contrasted with the Sensex’s modest gains on 11 February (+0.13%) and a decline on 12 February (-0.56%). The reduced volumes and minor pullback suggested short-term profit-taking following the prior rally, while the stock remained comfortably above its key moving averages, maintaining its medium-term bullish posture.
Feb 13: Strong Rebound and Rating Upgrade Fuel 7.02% Surge
On the final trading day of the week, Linde India Ltd rebounded sharply, surging 7.02% to close at Rs.6,900.10, the week’s high. The stock touched an intraday peak of Rs.6,776, outperforming the sector by 4.23% and the Sensex which declined 1.40%. This rally followed an upgrade in the Mojo Score from 48.0 (‘Sell’) to 54.0 (‘Hold’), reflecting improved fundamentals and technical outlook. The stock’s sustained trading above all major moving averages reinforced its strong technical footing, while the broader market’s weakness highlighted Linde India’s relative resilience.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.6,292.85 | +4.01% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.6,523.60 | +3.67% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.6,485.50 | -0.58% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.6,447.35 | -0.59% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.6,900.10 | +7.02% | 36,532.48 | -1.40% |
Key Takeaways
Strong Outperformance: Linde India Ltd’s 14.05% weekly gain vastly outpaced the Sensex’s 0.54% decline, highlighting the stock’s robust relative strength in a volatile market.
Technical Resilience: The stock consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages throughout the week, signalling sustained bullish momentum and technical support.
Rating Upgrade Impact: The upgrade from ‘Sell’ to ‘Hold’ by MarketsMOJO on 13 February coincided with a strong rebound, reflecting improved fundamentals and investor sentiment.
Volatility and Consolidation: Midweek minor declines on 11 and 12 February indicated short-term profit-taking but did not disrupt the overall upward trend.
Sector and Market Context: The stock outperformed its sector and the broader market, which showed mixed to negative performance, underscoring Linde India’s defensive qualities within the chemical products space.
Conclusion
Linde India Ltd’s week was characterised by a powerful rally driven by strong quarterly results, sustained technical strength, and a positive rating revision. The stock’s ability to outperform the Sensex by over 14% amid a weakening benchmark index highlights its resilience and appeal within its sector. While short-term consolidation was observed midweek, the decisive rebound on 13 February and the upgrade to a ‘Hold’ rating suggest a stabilising outlook. Investors monitoring Linde India should note its consistent outperformance across multiple timeframes and its firm positioning above key moving averages, which collectively underpin its current market strength.
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