'Oxygen' rally in stock market: Name enough to lift shares in Covid-era
Over the past few days, India has ramped up oxygen production nationwide as supplies of the gas have fallen short and infections surge
Reuters | April 20, 2021 | Updated 14:33 IST
With Indian COVID-19 patients struggling to find medical oxygen in the middle of a second deadly wave of coronavirus infections, shares in companies that produce the gas - or simply have it in their names - are rallying. Bombay Oxygen, National Oxygen Ltd and Bhagawati Oxygen Ltd - all tiny firms not listed on any major stock index - have surged 47% or more in April, a period in which India's broader market has slumped 2%.