ADANI TOTAL GAS (ATGL)
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Analyst flags Death Cross on Hindalco and Adani Total Gas charts
Hindalco, ATGL: Analyst flags weak trend amid 'Death Cross' on daily charts Sudeep Shah of SBI Securities says that the bias for Adani Total Gas stock is likely to remain weak as long as the stock trades below the ₹560-565 zone. Listen to This Article Disclaimer: Views and outlook in this report belong to the brokerages and analysts cited. They do not reflect the views of Business Standard.
Adani Total Gas raises CNG prices by ₹4.45 per kg on LNG cost surge
Adani Total Gas Ltd, a city gas distributor supplying CNG and piped natural gas across cities in states, including Gujarat and Uttar Pradesh, has raised Compressed Natural Gas (CNG) prices by ₹4.45 per kg, citing higher procurement costs driven by surging international Liquefied Natural Gas (LNG) prices, reduced domestic gas availability and upstream supply curtailments.
Adani Total Gas Q2 revenue jumps 34% to ₹1,936 crore on 12% volume growth
Adani Total Gas reported Q2 revenue of ₹1,936 crore, up 34% year-on-year, driven by 12% volume growth. Net profit rose 6% to ₹173 crore, though EBITDA margin declined. The results reflect strong top-line expansion but pressure on profitability.
Adani Total Gas hikes CNG rates by ₹4 per kg
Adani Total Gas Ltd (ATGL) has raised compressed natural gas (CNG) prices by ₹4 per kg across its geographical areas, effective from August 1, citing a sharp increase in sourcing costs for natural gas due to reduced domestic gas availability and elevated global LNG prices amid geopolitical tensions. In Ahmedabad, CNG will now retail at ₹94.02 per kg, inclusive of all taxes, marking one of the steepest revisions in recent months.
Mahindra Finance profit soars, ATGL struggles
Mahindra Finance's Q1 profit more than doubled to ₹899 crore, outperforming expectations. Meanwhile, ATGL reported a decline in profits by 14%. Market sentiment is mixed for these companies.
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