Jun. 30 at 5:24 PM
$ATGL.NSE
Fundamental View-
$ADANI Total Gas Ltd. is India's largest city gas distribution (CGD) company, supplying both CNG for vehicles and PNG for households and industry across its 52 geographical areas. As of FY25, it operates over 647 CNG stations, serves 963,000+ PNG households, and has installed 3,401 EV charging points across 26 states—delivering a solid 13% YoY volume growth in FY25 and 15% YoY in Q4. The company reported a Q4 EBITDA of ₹274 crore and FY25 EBITDA of ₹1,167 crore.
$ATGL has a low net debt-to-equity ratio (0.41×) and a stable ICRA AA/Stable rating, supported by strong volume-led growth and favorable gas-pricing structures. The firm's strong parentage—co-promoted by Adani Group and TotalEnergies—enhances its financial resilience and gas sourcing capabilities.Strategically,
$ATGL is aggressively expanding, adding 42 new CNG stations in Q4 and increasing over 400,000 household PNG connections in FY25. It is also expanding its EV charging network (1,914 points by Q3 FY25) and piloting green initiatives like hydrogen blending and solar plants.
The company plans to invest ₹18,000–20,000 crore over the next 8–10 years to significantly expand its CGD infrastructure.
Recent developments include a strategic tie-up with Reliance’s Jio-bp to cross-sell CNG and petrol/diesel at select outlets, enhancing network synergism and customer reach.
Alongside core growth and expansion,
$ADANI Total Gas offers strong structural tailwinds as India shifts toward cleaner fuel alternatives.
Technical View-
As seen in the daily chart of
$ADANI Total Gas Ltd. (ATGL), the stock has shown a decent recovery from lower levels over the last few sessions. On 27th June, the stock witnessed a strong positive move, opened at ₹648.00, made an intraday low of ₹648.00, and a high of ₹693.90, finally closing at ₹682.45. Even today, the
$STOCK opened at ₹684.00, made a low of ₹670.00, and closed at ₹675.75. Technically, the stock is holding strong support around its 14-day and 55-day EMA, while facing resistance near its 200-day EMA, which is placed around ₹686-688 levels. The Parabolic SAR dots have shifted below the price, signaling a short-term positive trend. RSI is near 56.56, indicating mild bullish momentum, Overall, both technically and fundamentally the
$STOCK looks strong, and any dip towards the ₹665-670 zone could be considered a buying opportunity with a stop loss at ₹625.00. If the
$STOCK sustains above the current levels and breaks past the ₹688-690 resistance zone, it can potentially touch ₹725-730 levels in the coming days.
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