The shares of a small-cap company engaged in the manufacturing and supply of oxygen and nitrogen across eastern and southern India surged nearly 2% on Friday after Motilal Oswal Mutual Fund acquired 9 lakh shares (0.64% stake).
With a market capitalization of Rs 7,836 Crores, the share price of Ellenbarrie Industrial Gases Ltd was trading almost 2% up to hit an intraday high of Rs 586.05 per share from its previous closing price of Rs 576.60 per share.
Ellenbarrie Industrial Gases Ltd was in focus on Friday, July 4, after a major bulk deal by Motilal Oswal Mutual Fund. The fund acquired 9 lakh shares (0.64% stake) at Rs 567.11 per share, amounting to a deal value of approximately Rs 51 crore.9 la
The transaction lifted investor sentiment, and during the trading session, the stock surged nearly 2%, reflecting strong institutional interest in the industrial gas segment.
Ellenbarrie Industrial Gases Ltd (EIGL) is one of India’s oldest and largest 100% Indian-owned industrial gas companies, with over 50 years of experience. It is a leading manufacturer and supplier of industrial gases like oxygen, nitrogen, argon, helium, hydrogen, carbon dioxide, and more, catering to a wide range of industries such as steel, shipbuilding, glass, pharmaceuticals, and fabrication.
EIGL operates one of the largest oxygen plants in India and plays a vital role in supporting India’s space and defense programs. It serves customers across eastern and southern India in both bulk and packaged formats and also provides synthetic air used for environmental testing and monitoring equipment.
The company reported a revenue of Rs 312 crore in FY25, up by 16.7 percent from its FY24 revenue of Rs 269 crore. Coming to its profitability, the company reported a net profit rise of 84.4 percent to Rs 83 crore in FY25 from Rs 45 crore in FY24. The stock delivered an ROE and ROCE of 17.8 percent and 18.2 percent, respectively.
Written By Rohan Pandey
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