Shares of Gujarat State Petronet were up 9 per cent, while Gujarat Gas and Aegis Logistics gained over 7 per cent each
Adani Group shares rallied up to 3% in Wednesday's intra-day trade, and have outperformed the market thus far in April with gains up to 19 per cent.
In its petition, the Adani Group had sought the dismissal of the SEC lawsuit, claiming a lack of US jurisdiction and an impermissible extraterritorial application of US law.
Other gas stocks traded mixed on Thursday. Indraprastha Gas Ltd. slipped nearly 1 per cent, while Mahanagar Gas Ltd. rose 1.5 per cent.
Adani Total Gas Ltd has cut the price of excess natural gas supplied to certain industrial customers to Rs 82.95 per standard cubic metre (SCM) from Rs 119.90 per SCM, effective 0600 hours on March 16, as upstream gas prices softened amid ongoing supply disruptions. The city gas joint venture of Adani Group and France's Total Energies said the revision aims to pass on the benefit of lower upstream prices to customers while maintaining system stability and equitable distribution of gas during the current supply constraints. Following the disruption in India's LNG supplies due to the halt in the movement of ships through the Strait of Hormuz as a fallout of the war in West Asia, ATGL had asked commercial and industrial customers to curtail consumption to 40 per cent of their contracted volumes. Spot market rates were applied to consumption beyond this threshold. Rates for this segment have not been cut. "We are pleased to inform you that the Excess Gas Price as informed vide our ...
Market strategist Anand James of Geojit highlights that in the past ATGL stock reversed sharply after crossing the 200-DMA, therefore, one should be cautiously positive with a stop at ₹580.
As many as 34 out of the 40 constituent stocks were trading in the green, while six were in the red
Adani Total Gas said the supply disruption has affected deliveries to certain industrial consumers as suppliers reduced gas availability amid the evolving geopolitical situation.
The average trading volumes on the ATGL counter jumped over 20-fold with a combined 16.44 million equity shares changing hands on the NSE and BSE till 01:16 PM.
US President Donald Trump said the war against Iran was "very complete", adding that the US is considering taking control of the Strait of Hormuz
The rising concerns over the prolonged closure of the Strait of Hormuz have raised fears of a liquefied natural gas (LNG) shortage
As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, which carries around one-fifth of oil consumed globally
The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted
Adani Enterprises, the group's flagship, jumped as much as 12 per cent, marking its steepest intraday gain since November 2024
However, thus far in the calendar year 2026, the Adani Group stocks have underperformed the market by falling up to 19 per cent, as against 4.6 per cent decline in the BSE Sensex.
Adani Green Energy stock slipped 10% to ₹814 in intra-day deal, while Adani Energy Solutions (₹840) and Adani Enterprises (₹1,895.50) were down 9% each.
Stocks to watch today, January 23, 2026: Tanla Platforms, GSPL, Sona BLW, Adani Gas and India Cements are among other top stocks to track today.
Adani Ports and Adani Energy Solutions hit fresh 52-week highs in intra-day trade on Friday even as benchmark indices traded in red.
Among the frontline Adani stocks - Adani Enterprises, Adani Power and Adani Ports and Special Economic Zone were up in the range of 3 per cent to 5 per cent on Wednesday.