Share price of Adani Gas jumps as Sensex gains 559.23 points

The share price of Adani Total Gas Ltd. gained 1.73 per cent to Rs 2216.2 at 01:54PM (IST) in Wednesday's trade. The stock has hit a high of Rs 2216.2 and low of Rs 2129.3 so far during the session. The stock had closed at Rs 2178.5 in the previous session.

The counter has had a total traded volume of 9599 shares so far with a value of Rs 2.08 crore on the NSE. It traded at a price-to-earnings multiple of 419.89 and a price-to-book ratio of 54.67.

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.

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 143.48 per cent during the past one year, while the 30-share index advanced 19.37 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 31-Dec-2021, while FIIs and domestic institutional investors ownership stood at 18.16 per cent and 0.02 per cent, respectively.

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 the previous quarter's Rs 663.22 crore and up 76.54 per cent from the year-ago quarter's Rs 504.88 crore.

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