Mumbai: Adani Total Gas shares surged over 7 percent on Friday, June 27, continuing their winning streak for the fifth day in a row.
The stock touched a high of Rs 694.00 on the BSE, showing a sharp jump of 7.48 percent.
In the last five sessions, the stock has gained nearly 12.5 percent, reflecting growing buying interest among investors.
Trading Volumes Rise Sharply
One of the key highlights of today’s rally was the huge spike in trading volumes.
Around 97 lakh shares were traded on June 27
This is much higher than the weekly average of 21 lakh shares
Also well above the monthly average of 14 lakh shares
This jump in volumes suggests that many investors are actively showing interest in the stock.
Partnership with Jio-bp
The recent rise in the share price also comes after a strategic partnership was announced between Adani Total Gas and Jio-bp on June 25.
Here’s what the partnership involves:
Adani Total Gas outlets will now offer Jio-bp’s high-performance fuels (petrol and diesel)
In return, Jio-bp fuel stations will install Adani’s CNG units in approved areas
This deal covers both existing and future outlets of the two companies
This collaboration brings together Adani Group + TotalEnergies and Reliance Industries + bp, forming a powerful fuel distribution alliance.
Adani Total Gas Limited And Jio-BP Partner To Enhance Quality Fuel OfferingsShare Performance Snapshot
1-week gain: 12.5 percent
1-month gain: 1 percent
3-month gain: Over 11 percent
YTD (Year to Date): Down 9 percent
1-year change: Down 24 percent
5-year return: Up 313 percent (multibagger returns)
Despite some short-term volatility, Adani Total Gas has proven to be a strong long-term performer.
Current Market Price
As of 12:35 PM on June 27, Adani Total Gas shares were trading at ₹680.55, up by 5.40 percent on the BSE.
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