A total of 7.38 lakh shares changed hands today on BSE, which was more than two times compared to Adani Total’s two-week average volume of Rs 2.77 lakh shares. Turnover on the counter stood at Rs 73.64 crore, commanding a market capitalisation of Rs 1,10,838.86 crore.
Shares of Adani Total Gas on Friday settled above the Rs 1,000 mark after a gap of 24 consecutive sessions. During intraday deals, the scrip jumped 5 per cent to hit the upper price band of Rs 1,032.45. It eventually finished 2.49 per cent higher at Rs 1,007.80 in volatile trade. At today’s closing level, the stock has rebounded sharply by jumping 53.86 per cent from its 52-week low of Rs 655, hit on March 1, 2023. Yet, the counter has slumped 74.80 from its one-year high level of Rs 3,998.35, touched on January 23 this year.
On the earnings front, the company reported a consolidated net profit of Rs 150 crore for the December quarter (Q3 FY23), up 17 per cent from Rs 128 crore in the same quarter a year ago. Revenue from operations came at Rs 1,185 crore in Q3 FY23, up 27 per cent from Rs 932 crore in Q3 FY22. Adani Total Gas is a joint venture between France’s energy major TotalEnergies and Adani Group.
A total of 7.38 lakh shares changed hands today on BSE, which was more than two times compared to Adani Total’s two-week average volume of Rs 2.77 lakh shares. Turnover on the counter stood at Rs 73.64 crore, commanding a market capitalisation (m-cap) of Rs 1,10,838.86 crore.
Apart from Adani Total, Adani Transmission and Adani Green Energy also continued their climb today. Both the counters also settled in the green but a bit lower from their respective upper circuits. Adani Transmission ended with 3.78 per cent gains, while Adani Green Energy surged 4.84 per cent.
