External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>Adani Total Gas (ATGL) is India’s largest private city gas distribution company with highest number of geographical areas.</li><li>It has license to cater to 52 geographical areas on a consolidated basis</li><li>Target Price and Valuation: We value ATGL at Rs 1775/share based DCF method.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

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 basisTarget Price and Valuation: We value ATGL at Rs 1775/share based DCF method.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Adani Gas: Higher Gas Costs Impact Gross Margins

India

Adani Total Gas Limited provides utility services. The Company produces and distributes natural gas. Adani Total Gas offers industrial and compressed natural gas (CNG) to commercial, residential, and transports sectors in India.