Adani Gas touches roof on the BSE

27 Nov 2020 Evaluate

Adani Gas is locked its upper circuit limit at Rs. 348.05, up by 31.60 points or 9.99 % from its previous closing of Rs. 316.45 on the BSE.

The scrip opened at Rs. 318.85 and has touched a high and low of Rs. 348.05 and Rs. 317.80 respectively. So far 945617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 366.15 on 23-Nov-2020 and a 52 week low of Rs. 76.70 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 366.15 and Rs. 310.10 respectively. The current market cap of the company is Rs. 38086.42 crore.

The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 20.43% and 4.77% respectively.

Adani Gas is planning to change its name to ‘Adani Total Gas’ to reflect French energy giant Total's stake in the firm. The company has through a postal ballot sought shareholders' nod to change the name as well as alter its memorandum and articles of association. After the French giant buying stake, Adani Gas is now a joint venture company of Adani Group and TOTAL Group, France with 37.40 per cent stake by each promoter and remaining 25.20 per cent with public shareholders.

In order to reflect the names of both promoter groups, it is proposed to change the name of the company from Adani Gas to Adani Total Gas to reflect the holding structure.

Adani Gas is a wholly owned subsidiary of the Adani Enterprise (AEL) and was incorporated for setting up distribution network in various cities to supply natural gas to industrial, Commercial, Domestic and CNG Customers.

Adani Total Gas Share Price

718.60 4.55 (0.64%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
Gujarat Gas 520.70
Indraprastha Gas 420.70
Mahanagar Gas 1445.00
Adani Total Gas 718.60
Guj. State Petronet 389.35
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