Gas stocks rise sharply amid supply crunch
after close1 source ↓written by the desknot a recommendation
- to hit
- 20%
- changing hands
- 16.44 million shares
Shares of Adani Total Gas surged 20% to hit the upper circuit on Wednesday, driven by a government order prioritizing domestic piped natural gas (PNG) and compressed natural gas (CNG) for transport. Trading volumes soared, with 16.44 million shares changing hands on the NSE and BSE, reflecting heightened investor interest amid a deepening gas supply crunch.
This rally highlights the market's response to regulatory support, which may bolster sentiment in the gas sector. 📈
Not investment advice. For informational purposes only.