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    ATGL   INE399L01023

ADANI TOTAL GAS LIMITED

(ATGL)
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Adani Group stocks lose more ground despite rejecting report on investors

06/16/2021 | 03:14am EDT
FILE PHOTO: The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad

BENGALURU (Reuters) - Shares in companies controlled by Indian billionaire Gautam Adani fell again on Wednesday, adding to their losses stemming from a media report that said accounts of three foreign investor funds that own stocks had been frozen.

The companies involved had rejected the report earlier this week, calling it "blatantly erroneous."

Adani Enterprises, Adani Green Energy, and Adani Ports and Special Economic Zone fell as much as 3.3% to 4.7% on Wednesday, while shares of Adani Total Gas, Adani Transmission and Adani Power hit their lower circuit limits.

The Economic Times newspaper had reported on Monday that the National Securities Depository Ltd (NSDL) had frozen accounts of three foreign funds that are among the top foreign investors in Adani Group stocks. The companies lost more than $6 billion in market capitalisation following the report.

However, the NSDL on Tuesday clarified that the accounts of the foreign funds remained active.

Still, shares in Adani companies have continued to fall. From their closing levels on Monday to session lows on Wednesday, they have shed between 0.9% to 9.7%.

In the past year, a broad surge in Adani Group companies have made Gautam Adani the second richest Indian, behind Mukesh Ambani, chairman and managing director of oil-to-telecom conglomerate Reliance Industries.

(Reporting by Anuron Kumar Mitra in Bengaluru; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED -0.81% 1403.55 End-of-day quote.193.02%
ADANI GREEN ENERGY LIMITED -0.81% 980.25 Delayed Quote.-6.87%
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED -1.70% 680.05 Delayed Quote.40.58%
ADANI POWER LIMITED -1.33% 100.45 Delayed Quote.101.71%
ADANI TOTAL GAS LIMITED 2.86% 880.6 Delayed Quote.0.00%
ADANI TRANSMISSION LIMITED -0.20% 961.2 End-of-day quote.119.60%
All news about ADANI TOTAL GAS LIMITED
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06/16Adani Group stocks lose more ground despite rejecting report on investors
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06/15Adani Total Gas Limited Proposes Final Dividend for Fiscal 2021
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06/15Indian shares at record highs as COVID-19 curbs ease, cases fall
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06/14Adani Group shares shed $6 billion despite rejecting reports on investors
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06/14Adani Group shares shed $6 bln despite rejecting reports on investors
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05/05ADANI TOTAL GAS' : Consolidated Net Profit Rises in Fiscal Q4
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05/04ADANI TOTAL GAS : Indian gas demand hit by coronavirus surge and restrictions
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05/04Adani Total Gas Limited Recommends Dividend for the Financial Year 2020-21
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More news
Financials
Sales 2022 27 131 M 365 M 365 M
Net income 2022 6 537 M 87,8 M 87,8 M
Net Debt 2022 - - -
P/E ratio 2022 149x
Yield 2022 0,11%
Capitalization 968 B 13 011 M 13 013 M
Capi. / Sales 2022 35,7x
Capi. / Sales 2023 28,6x
Nbr of Employees 425
Free-Float 19,3%
Chart ADANI TOTAL GAS LIMITED
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Adani Total Gas Limited Technical Analysis Chart | ATGL | INE399L01023 | MarketScreener
Technical analysis trends ADANI TOTAL GAS LIMITED
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 1
Last Close Price 880,60 INR
Average target price 1 085,00 INR
Spread / Average Target 23,2%
EPS Revisions
Managers and Directors
Suresh P. Manglani Chief Executive Officer
Parag Parikh Chief Financial Officer
Gautambhai Shantilal Adani Chairman
Gunjan MaheshKumar Taunk Secretary & Compliance Officer
Maheswar Bhima Sahu Independent Non-Executive Director
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