Adani Gas Ltd., incorporated in the
year 2005, is a Large Cap company (having a market cap of Rs 15655.80 Crore)
operating in Gas & Petroleum sector.
Adani Gas Ltd. key Products/Revenue
Segments include Piped Natural Gas (PNG) which contributed Rs 950.42 Crore to
Sales Value (52.12 % of Total Sales), Compressed Natural Gas (CNG) which
contributed Rs 851.74 Crore to Sales Value (46.70 % of Total Sales), Other
Operating Revenue which contributed Rs 9.59 Crore to Sales Value (0.52 % of
Total Sales), Connection Income which contributed Rs 9.31 Crore to Sales Value
(0.51 % of Total Sales), Transportation Income which contributed Rs 2.43 Crore
to Sales Value (0.13 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 31-03-2020,
the company has reported a Consolidated sales of Rs 462.25 Crore, down -5.50 %
from last quarter Sales of Rs 489.17 Crore and down -.77 % from last year same
quarter Sales of Rs 465.86 Crore Company has reported net profit after tax of
Rs 122.07 Crore in latest quarter.
Fundamentals are very positive and
the company is continuously in consistence raise in its sales, EBITDA and EPS.
Technical Analysis:
Stock has given fresh breakout from a rectangle pattern with good
volume on four hourly chart.
Also prices are trading above ichimoku clouds which suggest trend
is up.
Momentum indicator RSI and MACD are ranging in positive territory.
Recommendations:
Buy at CMP : Rs 142 (19.06.2020)
Stop Loss : Below Rs 135
Target : Rs 152
Duratioon : 1 Week
Note: The analysis is based on the information received from
the company fundamentals and its technical trends. Investing in securities
always depending upon the market conditions and risk.
Exchequer Business Services. We
provide platform for trading in Capital Markets and also training in Fundamentals
and Technical Analysis.
Contact :
Email : exchequer.bs@gmail.com
Mobile: 7004171788
7659093525
Great Call. Made some good profits.
ReplyDeleteYes It touched high at Rs 149.65 in the first day of the week itself. can book profits above Rs 150/-
ReplyDeleteToday this stock touched Day's high at Rs 153.85. A week target achieved more than the target within two trading days.
ReplyDeleteThis stock is on its journey towards its 52 Week High. Today it was closed at Rs 170.90 at 6% raise from its previous day CMP.
ReplyDeleteRK Duvvu
Exchequer Business Services
Fundamental & Technical Analysis
Email: exchequer.bs@gmail.com
Adani Gas can be bought at CMP - 162/- again this week from 10th August 2020 with the Target of Rs 173/- with the SL of 154/-
ReplyDeleteStock has given a double bottom pattern breakout on four chart with good volume as seen on chart On shorter to longer time frame stock is trading in clearly uptrend.
After giving breakout stock retested the breakout zone and rose sharply with increasing volume.
Both the momentum indicator RSI and MACD are also showing a positive momentum.
Recommended to buy for a week target.