This Dolly Khanna stock is repeatedly hitting the upper circuit in the last few sessions; do you hold it?

This Dolly Khanna stock is repeatedly hitting the upper circuit in the last few sessions; do you hold it?

Stock Recommendations
by 5paisa Research Team Last Updated: 2022-12-09T12:22:02+05:30

Dolly Khanna invested in this small-cap multibagger in the June quarter, which has trebled the investor’s return in last two years.

In the June quarter, Khanna acquired a 1.08% stake in National Oxygen comprising 51,784 equity shares for Rs 83 lakh.

The company is engaged in the manufacture and supply of Industrial Gases both in Liquid and Gaseous form to Industries and Hospitals. Industrial Gasses (Oxygen and Nitrogen) production contributes to 99% of the company's total revenues. It also earns income from cylinder holding charges.

The clients of the company consist mainly of Government workshops, Public Sector Units, and Space and Petrochemical units. Also serves to Steel sector, Pharmaceutical sector, Refrigeration units, Hospitals, Ship making & Repairing units other than the Fabrication sector.

The company has outperformed the benchmark indices giving multibagger returns in the last one year of 209%, whereas the Nifty 50 has delivered just 3.57% and the S&P BSE Sensex has given 3.95% during the same period.

This Chennai based Industrial gas company has swelled investor’s wealth in the last two years as under –  

  • Rs 1,00,000 invested one year ago would have become Rs 3,09,000 giving a price return of 209%.

  • Rs 1,00,000 invested two years ago would have become Rs 4,31,800 giving a price return of 331.8%.

Shares of National Oxygen logged an all-time high of Rs 233.90 in January 2022. From its all-time high the stock is currently trading at Rs 160.25 which is almost 32%. However, the shares of National Oxygen have seen a trend reversal as it is continuously rallying in the last seven consecutive sessions, hitting the upper circuit in each trading session. Given the recent volatility, the shares of National Oxygen have been moved to ASM Stage 1 category and the upper price band reduced from 10% to 5%.

The company is expected to give a strong Q1FY23 which the board will consider and approve on coming Monday - July 25 which explains the recent surge in the stock price taking the weekly returns to 33.55%.

At 1.08 pm, the shares of National Oxygen Ltd were locked in the upper circuit of 5% at Rs 160.25.

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