Adani Group Shares: Adani Total Gas Share Price Jumps 7%; Rices 12% in Five Days

Adani Group Share Price: Adani Total Gas Share Price SURIGED Over 7% on Friday, Marking Its Fifth Consecuve Session of Gains Amid Strong Buying Interest. The adani group stock rose as much as 7.48% to 694.00 apiece on the bse.

The recent uptrend has lad to a 12.5% ​​rally in adani total gas shares over the past five trading sessions.

The Sharp Rise in Adani Total Gas Share Price Today was Accompanied by a Significant Jump in Trading Volumes. On June 27, approximately 97 lakh shares changed hands on the stock exchanges-Well Above the one-wait average of 21 lakh shares and the one-month average of 14 lakh shares.

Partnership with jio-bp

Adani Total Gas on June 25 Announced a Partnership With Jio-BP, The Operating Brand of Reliance BP Mobility Limited, to offer Each Other’s Fuels Across Select Outlets.

Under this partnership, select adani total gas fuel outlets Total Gas’ CNG Dispensing Units, Within Atgl’s Authorized Geographical Areas (GA).

Adani Total Gas is a Joint Venture of Adani and Totalenergies, While Jio-BP is a Joint Venture Between Reliance Industries and BP.

Adani Total Gas Currently Operates A Network of ~ 650 CNG stations, while jio-bp has a network of ~ 2000 outlets. The agreement covers bot existing and future outlets of both partners.

Technical outlook

Adani Total Gas Share Price is Forming A 104-Day Long Cup and Handle Pattern, with the Current Momentum Candle Alredy Attracting Volumes Over 500% of the 50-day Average Said Anshul Jain, Head of Research at Lakshmishree Investments.

“This surge in volume often precedes a breakout. For the breakout to confirm, adani total gas stock price must break and sustain about the key Pivot of 710. If successful, bulls will likely target 781 in the Near Term. The setup is mature and a sustained move about resistance will trigger fresh Momentum, “Jain said.

Adani Total Gas Share Price Has Risen 1% in the past month and over 11% in the last three months. However, the adani group stock remains down 9% on a year-to-date (ytd) Basis and has declined 24% over the past one year.

Despite the Recent Volativity, Adani Total Gas Share Price Has Delivered Multibagger Returns over the long term – Rising 313% in the last five years.

At 12:35 pm, Adani Total Gas Share Price Was Trading 5.40% Higher at 680.55 apiece on the bse.

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