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    ATGL   INE399L01023

ADANI TOTAL GAS LIMITED

(ATGL)
  Report
Delayed NSE India Stock Exchange  -  07:25:51 2023-03-24 am EDT
1007.45 INR   +2.59%
03/24Adani TotalEnergies Publishes its Full Response to Le Monde French Newspaper
AQ
03/23TotalEnergies Says Investments in Adani Units in Line with Indian Laws
MT
03/10MSCI ESG flags issues across Adani Group entities
RE
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Adani Enterprises shares rise but other group stocks plunge after short-seller attack

01/29/2023 | 11:06pm EDT
FILE PHOTO: Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata

NEW DELHI (Reuters) - Shares in India's Adani Enterprises rose as much as 9.5% on Monday but those of several other group companies plunged for the third straight day, extending their losses after a U.S. short-seller's report that criticised the group.

Adani has locked horns with U.S.-based Hindenburg Research and on Sunday rebutted its report that flagged concerns about debt levels and the use of tax havens. Adani said it complies with all local laws and had made the necessary regulatory disclosures.

The report led to a $48 billion wipe-out in seven listed companies of the Adani group last week.

Hindenburg, in response, said Adani's "response largely confirmed our findings and ignored our key questions."

On Monday, Adani Enterprises was trading at 2,962 rupees in early trade, paring some of its initial gains, as its critical $2.5 billion secondary share sale entered its second day.

That's below the price band for the share sale - Adani has set a floor price of 3,112 rupees per share and a cap of 3,276 rupees. On Friday, the first day of the offer, the issue was subscribed 1% amid a broader fall in shares.

Other Adani stocks remained under pressure. Adani Transmission, Adani Total Gas and Adani Green Energy all fell more than 15% each.

(Reporting by Chris Thomas and Aditya Kalra; Editing by Muralikumar Anantharaman)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED -2.90% 1740.55 End-of-day quote.-54.90%
ADANI GREEN ENERGY LIMITED 4.78% 1029.35 Delayed Quote.-46.72%
ADANI TOTAL GAS LIMITED 2.59% 1007.45 Delayed Quote.-72.72%
ADANI TRANSMISSION LIMITED 3.70% 1124.55 Delayed Quote.-56.57%
TOTALENERGIES SE -3.03% 51.81 Real-time Quote.-11.66%
All news about ADANI TOTAL GAS LIMITED
03/24Adani TotalEnergies Publishes its Full Response to Le Monde French Newspaper
AQ
03/23TotalEnergies Says Investments in Adani Units in Line with Indian Laws
MT
03/10MSCI ESG flags issues across Adani Group entities
RE
03/03Moody's unit revises outlook to negative for Adani Ports, Adani Total Gas
RE
03/03India's Adani to hold fixed-income road shows in London, Dubai, US
RE
02/24India's Adani to hold fixed-income roadshow next week in Asia
RE
02/21Adani group's market cap drops below $100 billion
AQ
02/17Most Adani stocks rise in early trade after attempt to assuage investors
RE
02/15MSCI delays index weighting changes for two Adani companies
RE
02/15MSCI postpones implementation of updates for two of India's Adani Group companies
RE
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Analyst Recommendations on ADANI TOTAL GAS LIMITED
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Financials
Sales 2022 30 384 M 369 M 369 M
Net income 2022 5 094 M 61,8 M 61,8 M
Net Debt 2022 10 039 M 122 M 122 M
P/E ratio 2022 464x
Yield 2022 0,01%
Capitalization 1 108 B 13 452 M 13 452 M
EV / Sales 2021 62,7x
EV / Sales 2022 78,1x
Nbr of Employees 466
Free-Float 21,4%
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Technical analysis trends ADANI TOTAL GAS LIMITED
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Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 007,45
Average target price
Spread / Average Target -
Managers and Directors
Suresh P. Manglani Chief Executive Officer
Parag Parikh Chief Financial Officer
Gautambhai Shantilal Adani Chairman
Gunjan MaheshKumar Taunk Secretary & Compliance Officer
Naresh Kumar Nayyar Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ADANI TOTAL GAS LIMITED-72.72%13 452
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ATMOS ENERGY CORPORATION-2.40%15 659
TOKYO GAS CO., LTD.-3.40%8 280
GAIL INDIA LIMITED7.76%8 262
APA GROUP-7.25%7 818
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