Bourses BSE and NSE have placed the securities of Adani Total Gas under the short-term ASM (Additional Surveillance Measure) framework. Exchanges typically place stocks under short-term or long-term ASM frameworks to caution investors about heightened volatility in share prices.
Bourses BSE and NSE have placed the securities of Adani Total Gas under the short-term ASM (Additional Surveillance Measure) framework.
West Asia tensions and supply chain disruptions show why India must reduce import dependence and build stronger energy and trade infrastructure, Karan Adani, Managing Director of Adani Ports & SEZ Ltd, said. He warned that global chokepoints like the Strait of Hormuz can disrupt commodities, energy supply, and trade flows across the world.
Adani Total informed the bourses that, in view of the escalation in geopolitical developments in West Asia, some of the company's gas suppliers have curtailed supply, which in turn has impacted supplies to its industrial customers.
The rising military conflict in West Asia between the US-Israel and Iran had triggered a sharp boil in crude oil prices, with ample fears of shortage of supply of natural gas through Straight of Hormuz.
The company recently informed the bourses that, in view of the recent escalation in geopolitical developments in West Asia, some of Adani Total's gas suppliers have curtailed supply, which in turn has impacted supplies to its industrial customers.
An analyst from YES Securities said that Adani Total Gas demonstrated strong relative strength, rallying 20 per cent to hit the upper circuit, despite a broader market gas crisis.
Stocks including Wipro, Adani Enterprises, Ashok Leyland, Mahanagar Gas, KEC International, SAMIL, Borosil, IOC and more will be in the spotlight on Thursday, March 12.
The company informed the bourses that, in view of the recent escalation in geopolitical developments in West Asia, some of Adani Total's gas suppliers have curtailed supply, which in turn has impacted supplies to its industrial customers.
According to a customer notice reviewed by Reuters, ATGL has raised the price of gas used beyond the contracted daily limit to ₹119 per standard cubic metre. The revised rate applies when industrial clients consume more than 40% above their daily contract quantity.
Markets closed sharply higher on Monday, with benchmarks recouping a large part of the losses from the special Sunday session, as investors digested the Union Budget’s impact on markets and capital flows. The rebound came despite higher transaction taxes on derivatives and the lack of fresh foreign investment incentives. The Sensex surged 943 points to close at 81,666, while the Nifty 50 gained 262 points to end at 25,088. The Nifty Bank rose 201 points to 58,619. Sectoral buying was led by oil & gas, auto, FMCG, metal and realty stocks. Heavyweights such as Power Grid, Tata Motors Passenger Vehicles, Adani Ports, Tata Consumer, BEL and Reliance Industries featured among the top gainers on the Nifty, supporting the broader market recovery.




