Adani Gas shares up 2.98% as Nifty gains

NEW DELHI: Shares of Adani Total Gas Ltd. traded 2.98 per cent up in Wednesday's trade at 10:20AM (IST). Around 3,079 shares changed hands on the counter.

The scrip opened at Rs 1645.0 and touched an intraday high and low of Rs 1675.0 and Rs 1644.5, respectively, in the session so far. Shares of the company of Adani Total Gas Ltd. quoted a 52-week high of Rs 1987.0 and a 52-week low of Rs 671.15.

Total market cap of the Adani Total Gas Ltd. stood at Rs 183657.29 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 891.33 crore for the quarter ended 31-Dec-2021, up 34.39 per cent from previous quarter's Rs 663.22 crore and up 76.54 per cent from the year-ago quarter's Rs 504.88 crore.

The net profit for latest quarter stood at Rs 127.61 crore, down 12.52 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, domestic institutional investors held 0.02 per cent stake in the firm, while foreign institutional investors held 18.16 per cent and the promoters 74.8 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 321.06 and a price-to-book ratio of 54.67. 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 Ltd. belongs to the Gas Distribution industry.