Adani Total Gas Best Explanation In 2023
Hello friends, welcome to our website, today we are going to tell you about Adani Total Gas, Adani Total Gas Share Price, Adani Gas, And Total Deal, Total Buys Adani Gas in this post, which has achieved its position in the very popular stock market, and today we will give you all the information related to it. Today we will answer all your questions. Stay with us in this post if we try to answer, so without delay let’s get started.
Adani Total Gas
The profit of Adani Total Gas, a share of Adani Group, has been flat in the June quarter. Adani Total Gas has made a profit of 138 crores in the June quarter. The profit of the company remained the same in the same quarter a year ago. The company did not benefit from the increase in sales of CNG and piped LPG (PNG) due to higher gas prices. The company has given this information in a statement issued on Thursday. On the other hand, Dabur India’s first-quarter net profit rose marginally to Rs 441.06 crore.
Adani Total: Operating Income Doubled
Adani Total Gas’s operating income more than doubled to Rs 1,110 crore in the June quarter of the current fiscal. At the same time, the company’s pre-tax income increased by 6 percent to Rs 228 crore during this period. Today the company’s stock closed at a price of 3,362 with a strength of about 3 percent. On Wednesday it closed at Rs 3270. The stock has given 93 percent returns so far this year and 271 percent in 1 year.
Dabur India results
On the other hand, Dabur India’s first-quarter net profit has increased marginally to Rs 441.06 crore. The company’s profit was Rs 438 crore in the same quarter a year ago. Dabur India said in a communication to the stock exchanges that its operating income grew 8.07 percent to Rs 2,822.43 crore during the quarter. It was Rs 2,611.54 crore in the same quarter a year ago. Dabur India’s total expenses also increased by 10.81 percent to Rs 2,358.52 crore in the quarter under review. In the first quarter of the previous financial year, it was Rs 2,128.32 crore.
Adani Total Gas Share Price
When on one hand there was a loss of crores due to the fall in the stock market. Then the stocks of many companies of Adani Group were giving sloppy returns. Shares of Adani Total Gas (Adani Total Gas Share Price) are also included in the list of stocks that make investors rich. In NSE today, this stock broke all its old records and opened by reaching the new all-time high at 2990.10. The company’s shares have reached new highs on three days out of four trading sessions this week.
What did the experts say about the performance?
Experts who track the performance of Adani Total Gas shares in the stock market say, “The chart pattern shows the Adani Total Gas shares in an uptrend direction. But according to the fundamentals, it has reached a higher height than its valuation. In such a situation, the shareholders of Adani Total Gas should either exit. Or hold till the target price of Rs 3100.
According to Anuj Gupta, Vice President, IIFL Securities, “The chart is showing an uptrend in this stock of Adani. In the coming time, it can go up to the level of Rs 3100. Whereas the stop loss is Rs 2750. According to experts, positional investors should avoid taking any fresh positions.
What is the stock history of the company?
Some of the stocks have made huge gains in recent years. Of these, this share of Adani Group is one. During the last year, the price of this stock has increased from the level of Rs 930 to the level of Rs 2990. The shares of the company have given a return of 220% during this period. Whereas if we talk about the last one and a half years, then the price of this stock jumped from Rs 360 to the level of Rs 2990. That is, in this one and a half years, the share prices of the company have jumped by 720%.
Adani Gas And Total Deal
French energy company Total will buy 37.4% shares in Adani Gas Company. The remaining 12.2% will be bought from the Adani family through an open offer of 25.2%. Adani Gas gave this information on Monday. However, the value of the deal was not disclosed. Adani Gas shares jumped 18% on the news of the deal. However, the closing took place with a gain of 9.4%.
The Adani family currently holds 74.8% shares.
After this deal, Total and the Adani family will hold 37.4-37.4% shares. The remaining 25.2% stake will remain with the common investors. The Adani family currently holds 74.8% shares in Adani Gas.
Adani-Total already partner
A year ago, Total and Adani Gas had entered into a JV in a 50-50% partnership for the sale and import of natural gas. Total is the world’s second-largest liquefied natural gas (LNG) company.
The annual growth of the natural gas market in the country is more than 5%
The country’s natural gas market is growing rapidly. It accounts for 7% of total energy consumption but has registered an annual growth of more than 5% in the last three years. The government has set a target of increasing the share of natural gas in energy consumption to 15% by 2030.
Total Buys Adani Gas
Adani Total Gas, a Gautam Adani-led Adani Group company, has bought a 50 percent stake in the gas meter maker. This will help Adani Total Gas to grow its gas retail business.
The information given to the stock exchange said that Adani Total Gas has bought a 50 percent stake in Smart meters Technologies Private Limited (SMTP). This stake has been bought for Rs 1 crore. The turnover of SMTPL in the financial year ended 31 March 2021 was Rs 4.83 crore. This company is in the kitchen of homes Manufactures meters measuring the consumption of gas delivered through pipelines.
Adani Total Gas has said that the purpose of this purchase is to focus on manufacturing prepaid smart meters. The deal is expected to be completed by September.
Adani Total Gas retails CNG-PNG: Adani Total Gas is a joint venture between Adani Group and Total Energy of France. Adani Total Gas retails CNG to vehicles and Piped Natural Gas (PNG) to homes and factories. Adani Total said in a statement that 1 million equity shares of SMTPL have been purchased under this deal. The value of each share is Rs 10.
Profit of Rs 138 crore in June quarter: Adani Total Gas has had a stellar performance in the first quarter of the current financial year. Adani Total Gas reported a net profit of Rs 138 crore in the April-June quarter. There has been a growth of 199 percent in profit as compared to the same period a year ago. The company’s net profit stood at Rs 46 crore in the same period last year.
SEBI postpones IPO of Adani Wilmar: On the other hand, market regulator SEBI has postponed the IPO of Adani Wilmar, a company of Adani Group. SEBI has taken this action as the investigation against Adani Enterprises, the flagship company of the Adani Group, continues. SEBI is probing Adani Enterprises for foreign investors.
F&Q
Q. Who is buying Adani Gas?
After the French giant bought a stake, Adani Gas is now “a joint venture company of Adani Group and TOTAL Group, France with 37.40 percent stake by each promoter and remaining 25.20 percent with public shareholders,” it said.
Q. What is the future of Adani Gas?
Adani Total Gas Ltd.’s quote is equal to 3346.700 INR on 2022-08-11. Based on our forecasts, a long-term increase is expected, the “542066” stock price prognosis for 2027-08-06 is 10494.50 INR. With a 5-year investment, the revenue is expected to be around +213.58%.
Q. Is Adani Gas a Good Buy?
Is Adani Total Gas Ltd a good quality company? The past 10 years’ financial track record analysis by Moneyworks4me indicates that Adani Total Gas Ltd is a below-average quality company.
Q. Is Adani Total Gas debt free?
But either way, Adani Total Gas has virtually no net debt, so it’s fair to say it does not have a heavy debt load!
Q. What is a good level of net debt?
The optimal debt-to-equity ratio will tend to vary widely by industry, but the general consensus is that it should not be above a level of 2.0. While some very large companies in fixed asset-heavy industries (such as mining or manufacturing) may have ratios higher than 2, these are the exception rather than the rule.
Q. How to apply for Adani’s total domestic cooking gas dealership?
Natural gas is one of the safest and most reliable fuels available and rarely does a mechanical failure or storm interrupt its dependable delivery. Adani Total Gas Limited continually monitors our pipeline system to ensure safe and reliable delivery of natural gas to your home.
Conclusion
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