This industrial gas company has skyrocketed 73 per cent in a month

Do you hold this Dolly Khanna owned multibagger stock which is continuously hitting the upper circuit?

The multibagger industrial gas manufacturer in Chennai bases National Oxygen Ltd. In the June quarter, Dolly Khanna acquired a 1.08 per cent stake in National Oxygen comprising 51,784 equity shares for Rs 83 lakh.  

The shares of National Oxygen are continuously hitting the upper circuit in the past eight consecutive sessions. Owing to its volatility the upper circuit limit has been consequently reduced from 10 per cent to 5 per cent. 

Notwithstanding, the stock has hit the upper circuit limit of 5 per cent in 6 consecutive sessions, taking the stock price gain to a mindboggling 73 per cent in the last one month. 

National Oxygen is engaged in the manufacture and supply of Industrial Gases both in liquid and gaseous form to industries and hospitals serving and to Government workshops, Public Sector Units, and space and petrochemical units. Its customers also include companies in the 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 per cent, whereas the Nifty 50 has delivered just 3.57 per cent and the S&P BSE Sensex has given 3.95 per cent during the same period.  

The stock has given stupendous returns to its investors in a short period- 

Rs 1,00,000 invested one month ago would have become Rs 1,72,900 giving a price return of 72.9 per cent.   

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

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

   In today’s session, the shares of National Oxygen Ltd opened at Rs 168.25, again getting locked in the upper circuit of 5 per cent.