Adani Gas shares down 3.96% as Nifty falls

The stock quoted a 52-week high price of Rs 2739.95 and low of Rs 772.95.

As of 02:10PM (IST), the counter saw total traded volume of 53,470 shares with a traded value of Rs 12.38 crore, according to NSE.

The stock had closed at Rs 2381.2 in the previous session.

The scrip has declined -4.02 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.58 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 493.49 while price-to-book ratio stood at 97.81. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the Gas Distribution industry.

Promoter/FII Holding
Promoters held 37.4 per cent stake in the company as of 31-Mar-2022, while FII and MF ownership in the firm stood at 17.83 per cent and 0.03 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 1022.2 crore for the quarter ended 31-Mar-2022, up 14.68 per cent from the previous quarter’s Rs 891.33 crore and up 69.33 per cent from the year-ago quarter’s Rs 603.66 crore. Its net profit for the latest quarter stood at Rs 81.09 crore, down 43.58 per cent from the same quarter a year ago.