Thus far in the month of August, Adani Transmission has rallied 37 per cent, while Adani Total Gas has surged 32 per cent on the BSE, against 6 per cent rise in the S&P BSE Sensex
Adani Total Gas Ltd, the city gas joint venture between Adani Group and TotalEnergies of France,reported a three-fold jump in its June 2021 quarter net profit to Rs 138 crore, as sales volumes soared.
Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
The exchange has with over 500 registered clients and 15 members
Buys stake from Indian Energy Exchange (IEX)
Total valuation now touches $31 billion (Rs 2.32 trillion); Nextera Energy of the US and Enel of Italy top the global list with $151 billion and $103 billion, respectively
Analysts at ICICI Securities have a positive outlook on the stock from a long term perspective as Adani Gas is well poised to benefit from India's growing CGD sector.
Market players said several stocks in the boarder markets were trading at attractive valuations
In the past month, the stock has rallied 82 per cent, against a 10 per cent rise in the S&P BSE Sensex.
Adani Green Energy and Adani Gas have rallied 50 per cent in the past month, as compared to a 10 per cent rise in the S&P BSE Sensex.
MSCI Inc. will add 12 India stocks to its standard index and remove two as part of the semi-annual review of the world's largest index compiler.
As the Sensex and Nifty scaled record peak, various stocks have entered the overbought condition of RSI.
The company had acquired three geographical areas namely Ludhiana, Jalandhar and Kutch (East)
All three areas have high volume potential in terms of demand over a period of ten years
Adani Gas on Wednesday announced acquisition of city gas licences for Ludhiana and Jalandhar in Punjab and Kutch (East) in Gujarat from Jay Madhok Energy
All that happened in the markets today
Tamil Nadu topped among states in terms of fresh investments in the first quarter, according to Projects Today's latest report on investment announcements in the July to September quarter
Adani Gas stock is on the verge of a major breakout from a symmetrical triangle formation on the daily chart
Adani Gas on Friday cut CNG and piped cooking gas prices in various geographical areas in sync with the recent reduction in natural gas rates