Adani Gas Share Price: Share price of Adani Gas falls as Sensex drops 962.82 points

The share price of Ltd. dropped 2.76 per cent to Rs 3650.05 at 02:10PM (IST) in Thursday’s trade. The counter has hit a high of Rs 3714.0 and low of Rs 3570.0 so far during the session. The stock had closed at Rs 3753.7 in the previous session.

The counter has had a total traded volume of 24105 shares so far with a value of Rs 8.77 crore on the NSE. It traded at a price-to-earnings multiple of 817.19 and a price-to-book ratio of 97.81.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Smart Talk

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 152.24 per cent during the past one year, while the 30-share index advanced 2.95 per cent during the same period.

Adani Total Gas Ltd. belongs to the Gas Distribution industry.

Promotor/FII Holding

Promoters held 37.4 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 17.55 per cent and 0.03 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 1051.46 crore for the quarter ended 30-Jun-2022, up 2.86 per cent from the previous quarter’s Rs 1022.2 crore and up 109.22 per cent from the year-ago quarter’s Rs 502.56 crore.

Profit for the latest quarter stood at Rs 138.37 crore, down 2.95 per cent from the same quarter a year ago.

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