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Adani Gas zooms 37% in two days; stock hits fresh record high

In the past month, the stock has rallied 82 per cent, against a 10 per cent rise in the S&P BSE Sensex.

Sixty per cent of gas demand in India is from fertiliser, power and city gas in descending order
premium

According to analysts at ICICI Securities, the continued strong capex in existing, new GAs is expected to lead to long term stable volume growth.

SI Reporter Mumbai
Shares of Adani Gas continued its northward movement on Wednesday as the stock hit a fresh record high of Rs 335, up 14 per cent on the BSE, thereby zooming 37 per cent in the past two trading days on the back of heavy volumes.

The trading volumes on the counter more-than-doubled with a combined 10 million equity shares changing hands on the NSE and BSE till 10:00 am. In comparison, the S&P BSE Sensex was trading flat at 43,959 points. In the past month, the stock has rallied 82 per cent, against a 10 per cent rise in the benchmark