363.60 6.85 (1.92%)
929.8K Volume
NSEJan 22, 2021 03:31 PM
The 3 reports from 1 analysts offering long term price targets for Adani Total Gas Ltd. have an average target of 230.00. The consensus estimate represents a downside of -36.74% from the last price of 363.60.
Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2020-11-07 | Adani Total Gas Ltd. + | ICICI Securities Limited | 239.85 | 230.00 | 239.85 (51.59%) | -36.74 | Hold | Adani Gas
ICICI Securities Limited
AGL reported sales volume decline of 10.3% YoY for Q2FY21. CNG sales were down ~21% YoY to 0.6 mmscmd due to lower transportations vs. preCovid level. However, CNG sales improved 146% QoQ post relaxations in lockdown. PNG sales registered an increase of ~1% YoY to 0.8 mmscmd mainly due to full recovery in the industrial segment. On QoQ basis, PNG sales increased 80%. However, commercial PNG sales are still lower. During the quarter, sales increased MoM from 84% of pre-Covid level in July to 98% of pre-Covid level in September. Going forward, we estimate sales volume...
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2020-08-10 | Adani Total Gas Ltd. + | ICICI Securities Limited | 163.20 | 190.00 | 163.20 (122.79%) | Target met | Buy | Adani Gas
ICICI Securities Limited
AGL reported sales volume decline of 53.6% YoY for Q1FY21. The extended lockdown resulted in a sharp decline of 66.2% YoY in CNG sales at 0.3 mmscmd. Similarly, PNG sales registered a decline of 40% YoY to 0.4 mmscmd mainly due to fall in volumes in the industrial and commercial segment. Only domestic PNG segment registered growth at ~17% YoY. During the quarter, sales increased MoM from April lows and were at 1.1 mmscmd by June end. The management said sales volume further improved in July and were at ~1.4 mmscmd. Going forward, we estimate...
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2020-05-11 | Adani Total Gas Ltd. + | ICICI Securities Limited | 104.60 | 130.00 | 104.60 (247.61%) | Target met | Buy | Adani Gas
ICICI Securities Limited
Lower volume growth on account of lockdown AGL reported lower sales volume growth of 2.8% YoY for Q4FY20. The nationwide lockdown in the last week of March resulted in a decline of 2% YoY in CNG sales to 0.8 mmscmd, which led to weaker volume growth. However, PNG sales increased 8% YoY to 0.8 mmscmd. AGL added 12000 domestic PNG connections and 198 industrial/commercial customers in Q4FY20, which led to PNG sales growth. Both industrial and domestic PNG segment reported strong sales growth while commercial PNG sales...
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