Adani Total Gas Skyrockets, Emerging as a Multibagger with 125% Surge from 52-Week Low
Adani Total Gas Ltd showcases an astounding upward trajectory, soaring by 125% from its 52-week low, hitting Rs 1,159 in early trade today. The stock, witnessing an 8.87% surge, continues an impressive rally, amplifying investor wealth by over 111% in a month. Despite its ascent, it remains approximately 70% below its January 2023 peak.
This surge aligns with the broader rally in Adani Group entities post a favorable ‘clean chit’ and BJP’s majority win in the 2023 assembly elections. The group’s market capitalization rebounded to Rs 15 lakh crore following the US agency’s exoneration from Hindenburg Research’s report.
The remarkable performance of Adani Total Gas reflects renewed investor confidence, reaffirming its status as a key player in Gautam Adani’s conglomerate amid market shifts and endorsements.
