Adani Total Gas Shares Slide 5% as Investors Book Profits After Sharp Rally

Mumbai, September 23, 2025: Adani Total Gas Ltd (NSE: ATGL, BSE: 542066) dropped 4.39% to ₹746.45 on Tuesday as the stock fell after investors booked profits from a 19% surge in the previous session. The stock traded to an intraday low of ₹741 before settling back in the current range. Despite a major slide today, the stock has surged more than 22.15% in the past five trading days.

Selling Pressure After Massive Jump

The selling pressure was inevitable as Adani Total Gas surged massively in the past few days. As mentioned before, the stock surged more than 22% in the past five trading sessions and contributed around ₹1.7 lakh crore to the group’s total market cap. This was after the group received a clean chit by SEBI in the ongoing Hindenburg issue, which has lasted for months, pushing the investor sentiments highly positive for the group.

Market Data Highlights Selling Pressure

At 1:15 PM, the stock was trading at ₹745.90, down ₹34.85 (4.46%) from the previous close of ₹780.75. The stock had opened higher at ₹790 and touched an intraday high of ₹798 before witnessing a sharp pullback. The counter saw active trading, with 104.58 lakh shares changing hands, valued at ₹792.39 crore, including 7.29 lakh shares sold and 2.70 lakh shares bought, reflecting profit booking and pressure on the stock price.

Valuations Keep Volatility High

Despite an adjusted P/E of 136.95, Adani Total Gas remains expensive, much above that of its industry peers. It has a 52-week high of ₹862 and a low of ₹532.60, clearly a volatile holding for investors to consider. Daily volatility is 3.05% and annualized volatility is 58.27%, indicating a security with sudden volatility.

Company Clarification Amid Market Movements

The exchanges sought clarification around the unusual price and volume action, and Adani Total Gas stated that there was no “management-driven” action and that such activity was “market-driven”. The company reiterated its adherence to SEBI’s disclosure norms and said business remains stable.

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