Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

New city gas distribution (CGD) companies, specifically the ones who won bidding rounds-IX, X and XI, include Adani Total Gas, Torrent Gas, Indian Oil-Adani Gas, Gail Gas, Indraprastha Gas, Unison Enviro Pvt Ltd, AG&P and Think Gas.

No gas for new city distributors to start

Adani Gas has raised CNG prices in Ahmedabad by 37% while Gujarat Gas has increased rates in all its operating areas in Gujarat by 30%. In Delhi, Indraprastha Gas has raised rates by 33% while in Mumbai, Mahanagar Gas has hiked prices by 27%. In March alone, prices have risen by ₹9.6 per kg in Ahmed…

CNG prices have increased by up to 37% in past six months

Adani Gas rose 2.48% to Rs 1941.70 after announcing that the company received authorization letters from various Geographical Areas (GAs) for laying, building, operating and expanding CGD networks.

Adani Total Gas rises after receiving authorization for development of CGD networks

The Relative Strength Index of the stock stood at 55.53 on Monday.

Adani Gas shares fall 1.6 per cent in Monday’s trading session

A total of 728 shares changed hands on the counter till 11:59AM (IST)

Adani Gas shares decline 0.07% as Sensex slides

The interim order was passed by a bench of Chief Justice DN Patel and Justice Jyoti Singh on the petition by the company challenging the Board’s Public Notices dated September 13, 2021, and the consequent Hearing Notice January 20.

Delhi High Court stays notices in relation to declaring Adani gas distribution network as common carrier

Buzzing stocks: Adani Gas, Adani Ports, Tata Motor, DLF, HPCL, BPCL, IOC, Infibeam, Sun Pharma, HDIL, KEC International Shipping Corporation, SJVN, Aarti Drugs

Stocks that will see action today (January 31)

A total of 2,360 shares changed hands on the counter till time (IST).

Adani Gas shares fall 0.33% as Nifty drops

Promoters held 37.4 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.89 per cent and 0.02 per cent, respectively.

Share price of Adani Gas falls as Sensex drops 192.46 points

Megha Engineering and Infrastructures Ltd (MEIL) walked away with the most 15 licences to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round

Megha Engineering, Adani Gas top winners of city gas distribution licences

A total of 605 shares changed hands on the counter till 10:35AM (IST)

Adani Gas shares gain 1.09% as Sensex rises

Adani Gas is in the business of developing  city gas distribution networks to supply piped natural gas to the industrial, commercial, domestic and compressed natural gas to the transportation sector

Adani Total Gas Ltd

Adani Total Gas Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

No gas for new city distributors to start

CNG prices have increased by up to 37% in past six months

Adani Total Gas rises after receiving authorization for development of CGD networks

Adani Gas shares fall 1.6 per cent in Monday’s trading session

Adani Gas shares decline 0.07% as Sensex slides

Delhi High Court stays notices in relation to declaring Adani gas distribution network as common carrier

Stocks that will see action today (January 31)

Adani Total Gas Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

No gas for new city distributors to start

CNG prices have increased by up to 37% in past six months

Adani Total Gas rises after receiving authorization for development of CGD networks

Adani Gas shares fall 1.6 per cent in Monday’s trading session

Adani Gas shares decline 0.07% as Sensex slides

Delhi High Court stays notices in relation to declaring Adani gas distribution network as common carrier

Stocks that will see action today (January 31)

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock