Shares of Adani Total Gas have fallen more than 12% in two sessions as investors booked profits following a strong rally in the stock. The sharp correction reflects market volatility and cautious investor sentiment.
The stocks were already sliding 6.8% on Friday (March 13, 2026). The correction came as traders booked profits following the recent run-up in the stock. It soared 30% between March 10 and 12, 2026.
Adani Total Gas shares have witnessed a fall for two consecutive days on Monday (March 15, 2026) as investors booked profits after last week’s sharp rally. The stock dropped around 6% intraday and has now declined more than 12% in two trading sessions.
The recent fall also followed the clarification that the Exchange had sought from Adani Total Gas Ltd on March 13, 2026, with reference to significant movement in price, to ensure that investors have the latest relevant information about the company.
"We are in receipt of your email dated March 13, 2026, regarding significant movement in the price of our scrip.
In this regard, we would like to inform you that the price movement in the scrip of the company is purely due to market conditions and absolutely market-driven. The management of the Company neither has any control nor has any knowledge of the reasons for the significant movement in price of our scrip," The Adani firm said.
The stock had rallied strongly last week after the government issued the Natural Gas (Supply Regulation) Order, 2026. It aims to prioritize gas supply to essential segments amid disruptions following the ongoing Middle East conflict. The order came against the backdrop of rising demand and concerns over a possible cooking gas shortage.
Qatar, which supplies 20% of the world’s LNG, shut the Ras Laffan export facility last week after an Iranian drone strike. It led to a rise in gas prices in Europe and Asia, soaring.
Under the notification, gas supply should be prioritized for domestic piped natural gas users and CNG used in transport. Allocations will remain at 100% of average consumption over the last six months, subject to operational availability.
The government order also directed all entities involved in the production, import, marketing, transportation, and supply of natural gas, including producers, LNG terminal operators, and city gas distributors, to comply with revised supply schedules and sector-wise allocations coordinated through GAIL and the Petroleum Planning and Analysis Cell.
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The Adani group stock is over 33% away from its 52-week high of Rs. 797.40, hit in September 2025. Meanwhile, it touched its 52-week low of Rs. 453.50 on March 2, 2026. The stock has also lost 11% in the past 1 year, around 12% in 6 months, and 9% in 3 months. Adani Total Gas operates in 34 geographical areas in India and is involved in expanding the use of natural gas in the country's energy mix.
Over the weekend, the company reduced the price of excess natural gas supplied to select industrial customers to Rs. 82.95 per standard cubic meter from Rs. 119.90 per standard cubic meter. The revised rate came into effect on March 16, 2026.
Market participants are also watching company updates and policy developments that could influence investor sentiment and the stock’s near-term direction.