Adani Total Gas Ltd

(ATGL)

Adani Total Gas Faces Sharp Decline Amid Allegations - 21 Nov, 2024

Adani Total Gas shares plummeted significantly on November 21, 2024, due to bribery and fraud allegations against Gautam Adani, resulting in a substantial market cap loss and increased trading volumes.

Adani Total Gas Faces Significant Gas Allocation Cuts - 20 Nov, 2024

Adani Total Gas has experienced a 9.4% decline in stock value due to a 20% cut in natural gas allocation under the APM route, effective October 16, followed by further reductions in November. Overall, the allocation has been reduced by 26.9% since October 16.

CNG Price Hike Pressure on Adani Total Gas - 19 Nov, 2024

A reduction in government-controlled natural gas supply is leading city gas operators, including Adani Total Gas, to consider raising CNG prices due to increased costs from imported LNG. This situation is squeezing profit margins for companies in the sector.

Adani Total Gas Faces Pressure from Gas Allocation Cuts - 18 Nov, 2024

Adani Total Gas is under pressure following a 13% gas supply cut by GAIL, leading to profitability concerns and a 4.4% stock decline amid broader CGD sector challenges.

Adani Total Gas Faces Supply Cuts and Stock Volatility - 17 Nov, 2024

Adani Total Gas announced a 13% reduction in gas supply, impacting profitability. The company is considering CNG price hikes amid market volatility, with stock down 45.68% from its 52-week high.

Adani Total Gas Faces Profitability Pressure - 16 Nov, 2024

Adani Total Gas has announced a 13% reduction in gas supply from GAIL, following a previous 16% cut. This reduction is expected to adversely affect profitability.

Bearish Outlook on Adani Total Gas Stock - 15 Nov, 2024

Analyst Sneha Seth expresses a bearish sentiment on Adani Total Gas, suggesting an exit as the stock may fall to Rs 640 from Rs 688.

Adani Total Gas Reports Strong Q3 Performance - 12 Nov, 2024

Adani Total Gas announced a 11.04% increase in net sales for September 2024, reaching Rs 1,215.77 crore, alongside a net profit rise of 6.15%. The company is also expanding its bio CNG operations in Uttar Pradesh.

Adani Total Gas Reports Growth Amid Regulatory Concerns - 25 Oct, 2024

Adani Total Gas reported a rise in net profit and sales for September 2024, but shares fell due to regulatory changes affecting exclusivity in gas distribution networks.

Adani Total Gas Reports Strong Q2 Earnings and Stock Surge - 24 Oct, 2024

Adani Total Gas reported a 7.5% rise in Q2 profit to Rs 186 crore, driven by increased CNG sales. The stock surged nearly 8% following the announcement. The company secured $375 million for network expansion, despite challenges from reduced APM gas allocation.