If you are looking for “ Adani Total Gasshare price targets” for upcoming years, you are in the right place. Before we dive into Adani Total Gas Ltd. stock price targets, Let’s understand the Adani Total Gas company background, technical fundamentals etc.
Table of Contents
About Adani Total Gas Ltd.
Adani Total Gas Ltd. is a joint venture between Adani Gas and Total Gas & Power, a subsidiary of Total S.A. It was established in 2018 and is a leading provider of city gas distribution services in India.
Fundamentals of Adani Total Gas Ltd.
Let’s look at the fundamentals of Adani Total Gas, based on which we can get a clear understanding of the expertise in the Gas Transmission, Marketing sector.
Current Market Cap: The current market cap of Adani Total Gas as of 2/18/2023, is ₹ 1,38,383.6
P/E Ratio: The current price-to-earning ratio of Adani Total Gas is 276.02
Sales Growth: Sales growth in the last 1 year for Adani Total Gas is 79.16 %
Profit Growth: Profit growth is around 6.93 % in the last 1 year
Adani Total Gas Ltd. Share Price Target Details
We have done a complete analysis of Adani Total Gas and have come up with its share price targets for upcoming years.
Adani Total Gas Ltd Share Price Details trading view analysis
Adani Total Gas’s Current Share Price is ₹1,258
Note:These price targets of “Adani Total Gas” are only for reference purposes. This prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.
Year
Adani Total Gas Share Price Targets (₹)
Adani Total Gas Share Price Targets (₹)
2023
1568
1600
2024
1723
1800
2025
1878
1900
2026
2033
2100
2027
2188
2200
2028
2343
2400
2029
2498
2550
2030
2653
2800
Adani Total Gas share price target 2023
After analysing the chart deeply by taking the monthly time frame analysis on the trading view chart of Paytm we found
The target share price of Adani Total Gas for the year 2023 will be ₹1568
Adani Total Gas share price target 2024
The target share price of Adani Total Gas for the year 2024 will be ₹1723
Adani Total Gas share price target 2025
The target share price of Adani Total Gas for the year 2025 will be ₹1878
Adani Total Gas share price target 2026
The target price of Adani Total Gas for the year 2026 will be ₹2033
Adani Total Gas share price target 2027 to 2030
The target share price of Adani Total Gas for the years 2027, 2028, 2029, and 2030 will be ₹2188, ₹2343, ₹2498, and ₹2653 respectively.
Based on the data provided from the link, here’s a comprehensive technical analysis report for Adani Total Gas Ltd:
Technical Analysis Report: Adani Total Gas Ltd
Support and Resistance Levels:
Support Level: ₹620 (Recent low)
Resistance Level: ₹4,000 (Recent high)
Potential Price Predictions:
Bullish Scenario: If the stock price breaks the resistance level of ₹4,000 with significant volume, it could target the next resistance levels, which would be determined based on historical highs and Fibonacci extensions.
Bearish Scenario: If the stock price breaks the support level of ₹620 with significant volume, it could target the next support levels, which would be determined based on historical lows and Fibonacci retracements.
Summary:
Adani Total Gas Ltd is currently trading at ₹637, which is close to its recent low, indicating a potential support level. The stock has shown a significant range between its recent high and low, indicating volatility. The stock’s P/E ratio is 125, which is relatively high, suggesting that it might be overvalued. The company has shown a consistent ROCE of around 20%, indicating efficient capital utilization.
Head of Stock Market Research @FYERS, Also a contributor in StockIPO, I have more than 10 years of experience in the stock market and investments. I have degrees in M.S., PGPM, and MDP. Also manages the financial portfolios of my clients. I talk about finance and help newbies in the stock market.
