Linde India Ltd. Shows Signs of Rebound Amid Broader Market Trends

Jan 29 2025 09:30 AM IST
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Linde India Ltd. experienced notable trading activity on January 29, 2025, rebounding after three days of decline. The stock outperformed its sector and reached an intraday high, although it remains below several key moving averages. Over the past month, it has seen a decline, slightly worse than the Sensex.
Linde India Ltd. has shown significant activity today, with the stock rising by 4.66% on January 29, 2025. This performance marks a notable rebound after three consecutive days of decline, indicating a potential trend reversal. The stock outperformed its sector by 3.67%, reflecting a stronger performance compared to its peers in the Industrial Gases & Fuels industry.

During the trading session, Linde India reached an intraday high of Rs 5,894.8, representing a gain of 4.33%. In terms of moving averages, the stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting mixed signals in its short to medium-term performance.

Over the past month, Linde India has experienced a decline of 4.03%, slightly worse than the Sensex's drop of 3.43%. Today's performance, however, stands out against the backdrop of the broader market, where the Sensex recorded a modest increase of 0.13%.
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