Adani Total Gas Shows Short-Term Gains Amid Long-Term Downward Trend

Jan 14 2025 09:35 AM IST
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Adani Total Gas experienced a rise on January 14, 2025, after three days of decline, reaching an intraday high. Despite this short-term gain, the stock remains below several key moving averages, indicating a longer-term downward trend, while the broader gas sector showed positive movement.
Adani Total Gas, a key player in the gas transmission and marketing sector, saw a notable increase of 3.14% on January 14, 2025, allowing it to outperform its sector by 0.99%. This uptick followed three consecutive days of decline, with the stock reaching an intraday high of Rs 652, reflecting a 3.78% increase.

Despite this recent gain, Adani Total Gas is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term downward trend. In contrast, the gas transmission and marketing sector overall experienced a gain of 2.37% on the same day.

Over the past month, Adani Total Gas has faced challenges, with a decline of 9.15%, while the broader Sensex index recorded a decrease of 6.61%. The stock's performance continues to reflect cautious sentiment in the market.
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