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’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
Technical Indicators
- Moving Average:
- 50-day Moving Average (DMA): Rs 1,177.69
- 100-day Moving Average (DMA): Rs 1,209.77
- 200-day Moving Average (DMA): Rs 1,399.38
- Fibonacci Retracements:
- 38.2% retracement level: Rs 4,000.00 * 0.618 = Rs 2,472.00
- 50% retracement level: Rs 4,000.00 * 0.5 = Rs 2,000.00
- 61.8% retracement level: Rs 4,000.00 * 0.382 = Rs 1,536.00
- Relative Strength Index (RSI):
- Current RSI: 63.82
Potential Bullish Targets
a. Initial Target: * Based on 50-day DMA: Rs 1,177.69 * Based on 200-day DMA and 38.2% Fibonacci retracement level: (Rs 1,399.38 + Rs 2,472.00) / 2 = Rs 1,935.69
b. Intermediate Target: * Based on 100-day DMA: Rs 1,209.77 * Based on 50% Fibonacci retracement level: Rs 2,000.00
c. Advanced Target: * Based on 61.8% Fibonacci retracement level: Rs 1,536.00 * Based on 200-day DMA: Rs 1,399.38
Potential Bearish Targets
a. Initial Target: * Based on 100-day DMA: Rs 1,209.77 * Based on 200-day DMA: Rs 1,399.38
b. Intermediate Target: * Based on 50% Fibonacci retracement level: Rs 2,000.00 * Based on 100-day DMA and 61.8% Fibonacci retracement level: (Rs 1,209.77 + Rs 1,536.00) / 2 = Rs 1,372.89
c. Advanced Target: * Based on 38.2% Fibonacci retracement level: Rs 2,472.00
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.
Conclusion
Adani Total Gas Ltd’s stock price has been on a strong upward trend for the past year, despite recent volatility. The current price is above the 50-day DMA and below the 100-day DMA and 200-day DMA, indicating potential consolidation. The RSI is above 50, indicating positive momentum.
The potential bullish targets suggest that the stock price could continue to rise, with initial resistance around the 50-day DMA and followed by intermediate resistance at the 100-day DMA and the 50% Fibonacci retracement level. Advanced resistance lies at the 61.8% Fibonacci retracement level and the 200-day DMA.
The potential bearish targets suggest that the stock price could correct if it encounters resistance at any of these levels. However, the overall trend remains positive, and the stock price is likely to find support at the 50-day DMA and the 200-day DMA.
Overall, the technical analysis of Adani Total Gas Ltd suggests that the stock price may experience some consolidation in the short term but could continue to rise in the medium to long term. Investors should monitor the stock price closely for any changes in the trend and be aware of the potential for short-term
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.
