What's in a name? A lot for stock market, if it's 'Oxygen' in COVID-era!

It's often said that the stock market's main oxygen comes from sentiments. The share price has hit the roof for a company that has the word 'Oxygen' in its name even though its business has 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 Rs 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.

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