Adani Total Gas Stock Declines - Experts Recommend 'Sell' Call

Adani Total Gas, a leading player in the gas transmission and marketing industry, has recently seen a decline in its stock price. On March 18, 2024, the company's stock lost -3.78%, closing at Rs. 920.75. This decline has been reflected in the stock call given by MarketsMOJO, which has rated it as a 'Sell'.

The stock's performance today has underperformed the sector by -4.79%, indicating a downward trend. This is further supported by the fact that the stock has fallen after two consecutive days of gains. It also opened with a gap down of -5.06%, indicating a negative sentiment among investors.

The intraday low for the stock was Rs. 912.8, a significant decrease of -7.88%. However, it is worth noting that the stock's moving averages are still higher than the 100-day and 200-day moving averages. But it is currently lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the Sensex, Adani Total Gas has underperformed with a 1-day performance of -5.09% against the Sensex's -0.02%. Similarly, in the past month, the company's stock has seen a decline of -6.57%, while the Sensex has shown a slight increase of 0.28%.

Overall, Adani Total Gas' stock has seen a decline in its performance, and experts at MarketsMOJO have recommended a 'Sell' call. Investors should keep an eye on the stock's movement and consider all factors before making any investment decisions.