Adani Gas surges 14% as stock shifts to normal trading segment

The stock surged 14% to Rs 88.70, its highest level since listing on November 5, 2018, on the back of heavy volumes on the BSE.

Shares of Adani Gas have surged 14% to Rs 88.70 per share, their highest level since listing earlier this month, on the back of heavy volumes on the BSE after the stock shifted to normal trading segment with effect from today from the restricted segment.

Adani Gas Ltd, the gas distribution arm of the Adani Group, made its stock exchange debut on November 5, 2018. The stock was admitted to the 'T' group of securities on the exchange with 5% circuit filter. In the trade-for-trade category, no speculative trading is allowed and delivery of shares and payment of consideration