ICICI Direct has given Hold recommendation for Adani Total Gas with a target price of Rs. 1775 in its research report issued on Feb 06, 2022

ICICI Direct’s research report on Adani Total Gas

Adani Total Gas (ATGL) is India’s largest private city gas distribution company with highest number of geographical areas. It has license to cater to 52 geographical areas on a consolidated basis The company operates 287 CNG stations as of Q3FY22

Outlook

We maintain our HOLD rating on the stock We value ATGL at Rs 1775/share based DCF method.

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