Adani Gas share price: Adani Gas shares up 2.9% as Nifty wins
The certificate opened at Rs 2197.0 and touched an intraday high and low of Rs 2218.45 and Rs 2164.0, respectively, during the session so far. Shares of Adani Total Gas Ltd. quoted a 52-week high of Rs 2241.4 and a 52-week low of Rs 772.95.
The total market capitalization of Adani Total Gas Ltd. stood at Rs 242,871.06 crore at the time of writing.
Key financial data
The company reported consolidated sales of Rs 891.33 crores for the quarter ended December 31, 2021, up 34.39% from Rs 663.22 crores in the previous quarter and up 76.54% from to Rs 504.88 crores in the prior year quarter.
Net profit for the last quarter stood at Rs 127.61 crore, down 12.52% from the same quarter a year ago.
As of December 31, 2021, domestic institutional investors held 0.02% of the company’s capital, while foreign institutional investors held 18.16% and promoters 74.8%.
According to BSE data, the stock traded at a price-to-earnings multiple of 424.57 and a price-to-book ratio of 54.67. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the intrinsic value of a company and is the measure of the price that investors are willing to pay even without growth of the company.
Adani Total Gas Ltd. belongs to the gas distribution industry.