Stock market news: Adani Total Gas share price surges 12%

Stock market news: Adani Total Gas share price surges 12%
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Synopsis

A total of 3,338,629 shares changed hands on the counter till 01:35PM (IST).

Agencies
Total market cap of the Adani Total Gas stood at Rs 91014.78 crore at the time of writing this report.
NEW DELHI: Shares of Adani Total Gas traded 12.19 per cent up in Monday's trade at 01:35PM (IST). Around 3,338,629 shares changed hands on the counter.

The counter opened at Rs 745.45 and touched an intraday high and low of Rs 852.0 and Rs 745.45, respectively, in the session so far. Shares of the company of Adani Total Gas quoted a 52-week high of Rs 852.0 and a 52-week low of Rs 76.6.

Total market cap of the Adani Total Gas stood at Rs 91014.78 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 504.88 crore for the quarter ended 31-Dec-2020, up 18.54 per cent from previous quarter's Rs 425.9 crore and up 1.08 per cent from the year-ago quarter's Rs 499.5 crore.

The net profit for latest quarter stood at Rs 145.87 crore, up 26.25 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2020, DIIs held 0.02 per cent stake in the firm, while foreign institutional investors held 20.27 per cent and the promoters 37.4 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 206.62 and a price-to-book ratio of 6.46. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Adani Total Gas belongs to the Gas Distribution industry.

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