As of 10:15 AM, the stock was trading at Rs 554.05, up Rs 28.10 or 7.6 per cent from its previous close of Rs 515.95. Earlier in the session, it climbed as high as Rs 580.45, marking an intraday gain of 12.5 per cent from the previous close of Rs 515.95. The stock also snapped a four-session losing streak.
Stock under ASM surveillance
The sharp movement has drawn attention as ATGL remains under the Additional Surveillance Measure (ASM) framework, specifically Stage 1, implemented by the National Stock Exchange of India (NSE). This classification indicates that the stock is being closely monitored due to unusual price or volume activity. It typically involves higher margin requirements to curb excessive speculation.
This development likely provides relief to city gas distribution companies, as assured access to domestic gas helps maintain operational continuity and enables more predictable pricing in a volatile global energy environment.
Impact of Middle East disruptions
The rise in the company’s share price comes despite Adani Total Gas Ltd’s recent statement that geopolitical escalations in the Middle East have disrupted natural gas supplies, forcing some suppliers to curtail deliveries. The company confirmed that this has impacted its ability to serve industrial customers.
Adani Total Gas share performance
The stock has delivered mixed returns across timeframes, reflecting volatility in its performance. Over the past week, it declined by 8.23 per cent, though it rebounded strongly in the last two weeks with a gain of 15.13 per cent. On a one-month basis, it rose 6.62 per cent, indicating short-term strength. However, year-to-date returns remain negative at -6.28 per cent.
Medium-term performance is weak, with declines of 2.08 per cent over three months and 14.50 per cent over six months. Long-term trends are also subdued, as the stock is down 10.54 per cent over one year, 40.96 per cent over two years, 37.98 per cent over three years, and 24.46 per cent over five years.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
