Adani Total shares slipped 5% today; what’s next for this stock post-recent rebound?
Shares of Adani Total Gas Ltd on Monday fell 4.87 per cent to close at Rs 772. Despite recording a drop in today’s session, the stock has recovered 28.90 per cent in the past five sessions and 8.52 per cent in a month. With that being said, the scrip has slumped 22.88 per cent in the calendar year 2024 so far.
Bourses BSE and NSE have put the securities of Adani Total under the short-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
Technically, support on the counter could be seen in the Rs 750-700 range. Upside is capped at Rs 815, followed by Rs 850 and 862 levels. An analyst suggested that investors should…
