Adani Total Gas Ltd up by 10 percent | Espresso

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Espresso shot of the day – Adani Total Gas Ltd up by 10 percent

April 09, 2021
Espresso shot of the day – Adani Total Gas Ltd up by 10 percent

ADANI TOTAL GAS LTD 1091.75 (+10.00%) BSE – INE399L01023| 9TH APRIL 2021

Adani Total Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency. The company has already set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to consortium of Adani Total Gas Ltd. and Indian Oil Corporation Ltd.

Recent Drivers

  • On 9th April 2021, IOC-Adani Total Gas Ltd. had won the exclusive contract for supplying piped natural gas in the city and nearby areas for a period of five years.
  • On 23rd March,Adani Total Gas Ltd. became the fourth Adani group company to enter the elite club of Rs 1 trillion market capitalisation with its shares hitting an all-time high soaring over 900% in the last one year.
  • On 1st April 2021, Adani Total Gas Ltd. reported net sales at Rs 496.11 crores in December 2020 up 1.42% from Rs 489.17 crores in December 2019.
  • On 1st April 2021, Adani Total Gas Ltd. reported quarterly net profit at Rs 145.87 crores in December 2020 up 26.25% from Rs 115.54 crores in December 2019.
(Sources: LiveMint, Business Standards, Moneycontrol, Bloomberg Quint)

Technical Force*

  • S&P BSE 200 month till date gain up by 1.55 %
  • Spurts in volume by more than 1.04 times compares to previous vol. 3 months avg. qty – 1,92,888
  • Touched Upper Circuit – 1091.75
  • Quantity traded 3,79,725 Deliverable quantity 1,26,727 (33.37%)
  • Stock price has jumped more than 1200% from one year low level – 90.40, 13 April 2020
  • Daily RSI (14) is near overbought territory today
  • 52 -week high –1,248 | 52- week low- 90.40

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

797.67

593.83

484.37

280.53

171.07

-

-

-

Fibonacci Pivot

593.83

474.15

400.21

352.59

280.53

208.47

160.85

86.91

-


Today’s Close

1091.75

SMA

BSE

10 DAY

1027.36

20 DAY

904.28

50 DAY

651.92

200 DAY

341.72

Some Key Ratios (Source: BSE)

Market Cap: 1,20,071.77crores

PE: 267.30

OPM%: 40.48

ROE%: 27.03

Promoters holding : 74.80

Prev. Close: 992.50

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.