It’s often said that the stock market’s main oxygen comes from sentiments and the share price has hit the roof for a company that has the word ‘Oxygen’ in its name despite its business having nothing to do with the life-saving gas — something in high demand due to the Covid-19 pandemic.
The share price of Bombay Oxygen Investments Ltd hit its upper circuit limit ₹ 24,574.85 apiece at the BSE on Monday, with the maximum permissible gain of 5 per cent due to the stock being under surveillance. The same is the case with some other little-known stocks with ‘gas’ or ‘oxygen’ in their new or old names and all of them are being probed for any possible foul play.
What’s in a name? A lot for stock market, if it’s ‘Oxygen’ in Covid-era!
I mean… I can’t even… Kaun hain ye log? Kahan se aate gain ye log?