Adani Gas Share Price: A Rollercoaster Ride
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Last week, during the trading session on Friday, Adani Group’s companies faced a selling pressure in their shares. However, the stock market saw a strong rally. Now, Adani Total Gas Ltd, which is a part of the Adani Group, is in focus. The company’s shares have crossed the โน1,000 mark and experts believe that there is a possibility of further growth.
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On Monday, 5th February 2024, the shares of Adani Total Gas were trading at โน1,003.50, a 0.43% increase from the previous trading day. On Tuesday, 6th February 2024, the stock further increased by 0.96% and was trading at โน999.
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Ventura Securities, a renowned firm, has shown positive sentiments towards the shares of Adani Total Gas. According to experts, the company’s shares could reach a level of โน1,340 in the coming days. Last week, the stock opened at โน999 and touched a high of โน1,014.25 during the trading session. However, it later declined and closed in the red.
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Firms like Ventura Securities have once again started covering some of the Adani Group’s shares. For Adani Total Gas, Ventura Securities estimates that during the financial years 2023-26, the company’s revenue will grow at an average annual rate of 25.3%, EBITDA at a rate of 39.9%, and PAT at a rate of 42.6%. The EBITDA margin is expected to increase by 780 basis points to reach 27.7%. The profit margin is also expected to increase by 17.8% to reach 570 basis points. Analysts predict a rise in the company’s ROE ratio by 26.1% and ROIC ratio by 31%.
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Adani Gas Share Price: A Volatile Journey
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Last Friday, Adani Group’s shares were under selling pressure during the trading session. However, the stock market witnessed a strong surge. Today, Adani Total Gas Ltd, a subsidiary of Adani Group, is in the spotlight. The company’s shares have now crossed the โน1,000 mark. Analysts believe there is a possibility of further upward movement.
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As of Monday, 5th February 2024, Adani Total Gas shares were trading at โน1,003.50, a 0.43% increase. On Tuesday, 6th February 2024, the shares witnessed a further increase of 0.96% and were trading at โน999.
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Ventura Securities, a leading financial firm, has expressed positive sentiments regarding Adani Total Gas shares. Analysts predict that in the upcoming days, the company’s shares could touch โน1,340. Last week, the stock opened at โน999 and reached a high of โน1,014.25 during the trading session. However, it later experienced a decline and closed in the red.
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Ventura Securities and other renowned firms have once again started covering some of the Adani Group’s shares. For Adani Total Gas, Ventura Securities estimates that during the financial years 2023-26, the company’s revenue will grow at an average annual rate of 25.3%, EBITDA at a rate of 39.9%, and PAT at a rate of 42.6%. The EBITDA margin is expected to increase by 780 basis points, reaching 27.7%. The profit margin is also projected to rise by 17.8%, reaching 570 basis points. Analysts predict an improvement in the company’s ROE ratio by 26.1% and ROIC ratio by 31%.
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Adani Gas Share Price: A Journey of Ups and Downs
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During last week’s trading session on Friday, Adani Group’s shares faced selling pressure. However, the stock market saw a strong rally, and now the focus is on Adani Total Gas Ltd, a subsidiary of the Adani Group. The company’s shares have crossed the โน1,000 mark, and there are expectations of further growth.
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On Monday, 5th February 2024, Adani Total Gas shares were trading at โน1,003.50, marking a 0.43% increase. The next day, on Tuesday, 6th February 2024, the shares rose by 0.96% and were trading at โน999.
๐ฎ
Ventura Securities, a prominent financial firm, has expressed positive views about Adani Total Gas shares. Analysts believe that in the coming days, the company’s shares could touch โน1,340. Last week, the stock opened at โน999 and reached a high of โน1,014.25 during the trading session. However, it later declined and closed in the red.
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Ventura Securities and other major firms have once again started covering some of the Adani Group’s shares. For Adani Total Gas, Ventura Securities estimates that during the financial years 2023-26, the company’s revenue will grow at an average annual rate of 25.3%, EBITDA at a rate of 39.9%, and PAT at a rate of 42.6%. The EBITDA margin is expected to increase by 780 basis points, reaching 27.7%. Additionally, the profit margin is projected to rise by 17.8%, reaching 570 basis points. Analysts predict an improvement in the company’s ROE ratio by 26.1% and ROIC ratio by 31%.
Note: The share prices and other details mentioned in the article are fictional and are used for illustrative purposes only.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
