Adani Gas is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector.
The company has set up city gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. In addition, the development of Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution is awarded to consortium of Adani Gas Ltd and Indian Oil Corporation Ltd
The stock can be bought at current levels with stop loss 150 with 15 % trailing stop lossfrom 52 week high to safeguard profit
below is important financial numbers:
- Market Cap: 19,648 Cr.
- Current Price: 178.65
- 52 weeks High / Low 180.25 / 70.20
- Book Value: 10.11
- Stock P/E: 79.84
- Dividend Yield: 0.00 %
- ROCE: 25.03 %
- ROE: 21.60 %
- QOQ EPS growth: 300%
- yearly sales growth:24%
- Price Chart: