Adani Total Gas shares soar nearly 40% in just 2 days! What’s triggering the rally despite weak market?
Analysis of this story by et_markets · 12 Mar 2026, 10:10 AM IST (about 2 months ago)
AI Analysis
The energy sector, particularly natural gas, is facing supply chain disruptions due to geopolitical tensions. Government intervention to secure supply for essential sectors directly benefits gas distributors.
Trading Insight
Bullish bias for Indian city gas distribution companies; look for entry points in ATGL on dips, with a stop-loss below recent support levels.
Quick check: ATGL bullish bias (+18.6% 1d), RELIANCE bearish bias (-1.6% 1d).
Key Evidence
- •Adani Total Gas shares surged up to 14%, extending a two-day rally to nearly 39%.
- •The rally is triggered by the government issuing the Natural Gas (Supply Regulation) Order, 2026.
- •The order prioritizes gas supplies to essential sectors.
- •This move addresses Middle East conflict-driven disruptions and LNG shipment issues through the Strait of Hormuz.
- •Rising gas prices and global supply concerns continue to affect energy markets.
Affected Stocks
ATGLAdani Total Gas Ltd
Positive
Direct beneficiary of government order prioritizing natural gas supply to essential sectors, ensuring stable operations and potentially higher demand.
Sources and updates
Original source: et_markets
Published: 12 Mar 2026, 10:10 AM IST
Last updated on Anadi News: 12 Mar 2026, 10:34 AM IST
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