As rising COVID-19 cases prompt shortage, stock of NBFC with

As rising COVID-19 cases prompt shortage, stock of NBFC with 'oxygen' in its name soars to dizzying heights


: Wednesday, April 21, 2021, 12:04 PM IST
As rising COVID-19 cases prompt shortage, stock of NBFC with 'oxygen' in its name soars to dizzying heights
In recent weeks, there has been something of a frenzy to secure drugs and other medical supplies for COVID-19 patients. Frantic messages inundate social media, and Chief Ministers send out ominous messages about dwindling supplies. But as cases rise and oxygen becomes a scare commodity in many areas, there has been a strange ripple effect in the stock market.
With the daily case tally remaining consistently over the two lakh mark and the situation growing increasingly more problematic, pharmaceutical stocks have done exceedingly well for themselves in recent days. Unfortunately, not everyone seems to have done their homework before joining the healthcare and medical supplies bandwagon.

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