Adani Total Gas Ltd up by 6.80%: Know the Stock Price! | Espresso

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Espresso Shot of the Day - Adani Total Gas Ltd up by 6.80 percent

July 11, 2022
Espresso Shot of the Day - Adani Total Gas Ltd up by 6.80 percent

ADANI TOTAL GAS LTD 2714.15  (+6.80%) BSE – INE399L01023| 11th  July 2022

https://www.myespresso.com/images/Binge-graph-image_Adani-Total-Gas-Ltd-202207111816532170267.jpg

Adani Total Gas is developing City Gas Distribution (CGD) Networks to supply Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) sectors 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 the consortium of Adani Total Gas Ltd and Indian Oil Corporation Ltd.


Recent Drivers

  • On June 27th June 2022, Adani Total Gas reported a quarterly Net Profit of Rs. 75.79 crores in March 2022.
  • Adani Total Gas reported net Sales at Rs.1,012.02 crores in March 2022, up 73.15% from Rs. 584.48 crores in March 2021.
  • On May 4th 2022 AGTL’s board approved the formation of two separate SPVs for e-mobility and bio businesses. As part of a dedicated business strategy, the board has approved the formation of two separate SPVs for E-Mobility and Bio businesses. This will be immensely advantageous considering that ATGL and its promoters have a strong infrastructure and utility presence across India.
  • Company recommended a Dividend of Re. 0.25/- per Equity Share for a face value of Re. 1/- each fully paid up for the Financial Year 2021-22, subject to approval by shareholders of the Company on 4th May 2022.
  • On April 11th 2022, UAE's International Holding Company (IHC) agreed to invest 7.3 billion dirhams ($2 billion) in three Adani group companies through a preferential issue.
(Sources: BSE, Money control, Times of India, Business Standard)


Technical Force*

  • S&P BSE 100 month till date gain by 3.32
  • 3 months avg. NSE volume:4,55,767
  • Quantity traded: 71,017 | Deliverable Quantity: 26,202 (36.90 %)
  • The stock price jumped by 220 % from a one-year low level: 772.95 (July 22, 2021)
  • Daily RSI (14) is near oversold territory today
  • 52-week-high: 2,775.85 | 52-week-low: 772.95


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

4000.37

2993.68

2354.17

1347.48

707.97

-

-

-

Fibonacci Pivot

2993.68

2364.83

1976.33

1726.11

1939.67

1347.48

968.86

718.63

330.13


Today’s Close

2714.15

SMA

BSE

10 DAY

2453.74

20 DAY

2363.13

50 DAY

2388.67

200 DAY

1925.42


Some Key Ratios (Source: BSE)

Market Cap:  2,98,504.95 Crores

PE:  591.50

OPM%: 13.26

ROE%:  20.77

Promoters holding%: 74.80

Prev. Close:  2541.35


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*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.

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.