Analysts attributed the sharp outperformance in Adani Total Gas to favourable government policies, strategic price hikes, and improving sentiment around the broader Adani Group
Analysts at Axis Securities have identified Adani Total Gas, Exide Industries and AIA Engineering as 3 stocks with a decisive breakout on the weekly charts.
With a clear strategic road map, a strong balance sheet and dedicated team, ATGL is well positioned to support the country's transition to a gas-based economy, believes the management.
Adani Energy Solutions, Adani Total Gas and Adani Green Energy were up in the range of 4-7% on the BSE in Wednesday's intra-day trade.
Midcaps to buy: Muthuselvaraj, Research Analyst at Mirae Asset Sharekhan expects Adani Total Gas to hit ₹1,350 levels; JSW Energy and Astral to rally over 50% as Nifty MidCap hits new life-time high.
In the past one month, the Nifty Midcap 100 index outperformed the market by gaining 3.4 per cent, as compared to 0.1 per cent decline in the Nifty 50.
Following the latest revision effective from 6 AM on May 26, the price of CNG in Delhi has increased to ₹83.09 per kg from ₹81.09 earlier
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
Adani Green Energy in an exchange filing said the US SEC, Gautam Adani and Sagar Adani filed their request for entry of final judgment, on consent, before the US Eastern District NY Court on May 15.
The CNG price hike announcement follows a sharp rise in wholesale inflation in April. As per data, the wholesale price inflation shot up to a 42-month high of 8.3 per cent.
Till 02:53 PM on Monday, as many as 52.52 million equity shares representing 2.3% of total equity of Adani Ports changed hands on the NSE and BSE.
Stocks to Watch today, April 28, 2026: Coal India, Trent, City Union Bank, Phoenix Mills, and Adani Total Gas are some of the key stocks to watch today
Analysts at ICICI Securities downgraded Adani Green and Adani Energy to 'Add' rating post Q4 results, citing a sharp rally in the share prices.
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