Adani Total Gas shares have decreased the most in value in 2023, followed by Mirza International
Shares of Adani Total Gas fell 83% in 2023 from the year-end closing price of Rs 3,695 on December 30, 2022, to Rs 613.5 as of September 29.
- SUMMARY
- According to data provided by Ace Equity, several well-known BSE-listed stocks have fallen more than 50% in 2023.
- Adani Total Gas shares have fallen 83% from December 30, 2022.
- Mirza International (Red Tape), which has decreased 82%, came next.
The benchmark BSE Sensex increased by more than 8% this year, from 60,840 on December 30, 2022, to 65,828 on September 29. On the other hand, some well-known BSE-listed equities have decreased by as much as 83%. These equities, which were formerly regarded as multi-baggers, have now become wealth destroyers as a result of this precipitous decline. Here is a complete list.
Shares of Adani Total Gas fell 83% in 2023 from the year-end closing price of Rs 3,695 on December 30, 2022, to Rs 613.5 as of September 29. Additionally, the market cap has decreased from Rs 4.06 lakh crore to Rs 67,473 crore. Footwear manufacturer Mirza International (Red Tape), whose stock dropped 82% to Rs 44.2 from Rs 247.9 and lost m-cap from Rs 2,982 crore to Rs 611 crore, came in second.
Adani Energy Solutions is at third place with a decrease of 69%, from Rs 2,592 to Rs 809. It was followed by PC Jeweller, which dropped 68% to Rs 26.3 from Rs 83.05 on December 30, 2022, and Toyam Sports, which dropped 63% to Rs 6 from Rs 16.3 at number five on the list.
EKI Energy Services, whose share price fell 63% to Rs 477.8 on September 29, 2023 from Rs 1291.4, is regarded as the sixth-largest wealth killer. Among the top losers on the list are NIIT Ltd (down 61% YTD), Confidence Futuristic Energetech (down 54%), GRM Overseas (down 54%), and Adani Green Energy (down 50%). Overall, between five and ten firms in the BSE 500 index have declined between fifty and eighty three percent this year.
Axita Cotton, Baroda Rayon Corporation, Adani Wilmar, Kiri Industries, Wardwizard Innovations & Mobility, Music Broadcast, and New Delhi Television are seven other businesses on the list whose shares have decreased by more than 40% in 2023.
Adani Total Gas: Company Overview
At Adani Total Gas, we take immense pride in offering you an in-depth glimpse into our company’s operations, values, and commitment to delivering excellence. In this comprehensive article, we will delve into the core aspects of Adani Total Gas, providing you with valuable insights into our history, services, sustainability initiatives, and more.
Introduction
Adani Total Gas is a dynamic and leading player in the Indian natural gas distribution sector. Our journey began with a vision to revolutionize the energy landscape in India, and over the years, we have consistently strived to achieve this goal. Here, we present an exhaustive overview of our company, highlighting what sets us apart in the industry.
History
Founded in [Year], Adani Total Gas is a joint venture between the globally renowned Adani Group and TotalEnergies. This partnership brings together Adani’s indigenous expertise and TotalEnergies’ international experience, creating a powerhouse in the natural gas sector.
Our journey started with a commitment to provide clean and affordable energy solutions to Indian households and industries. Since then, we have rapidly expanded our presence across various states, becoming a trusted name in the gas distribution sector.
Services
1. PNG (Piped Natural Gas)
At Adani Total Gas, we understand the importance of clean energy. That’s why we offer Piped Natural Gas (PNG), a convenient and eco-friendly alternative to traditional fuels. PNG is not only cost-effective but also reduces carbon emissions, contributing to a greener tomorrow.
2. CNG (Compressed Natural Gas)
Our commitment to sustainability extends to the transportation sector as well. We provide Compressed Natural Gas (CNG), a cleaner fuel option for vehicles. CNG not only reduces vehicular emissions but also offers cost savings to consumers.
3. Industrial Solutions
Adani Total Gas caters to the energy needs of various industries. Our industrial solutions include customized natural gas supply, ensuring a reliable and efficient energy source for businesses.
Sustainability Initiatives
At the heart of our operations lies a deep commitment to sustainability. Adani Total Gas is dedicated to reducing its environmental footprint and promoting responsible energy consumption. Our initiatives include:
1. Green Infrastructure
We invest in eco-friendly infrastructure to minimize the impact of our operations on the environment. This includes the development of green corridors for natural gas transportation.
2. Renewable Energy
Adani Total Gas is actively exploring opportunities in renewable energy sources, such as biogas and hydrogen, to diversify our energy portfolio and reduce reliance on fossil fuels.
3. Community Engagement
We believe in giving back to the communities we serve. Our CSR initiatives focus on education, healthcare, and skill development, aiming to uplift the lives of those in need.
Innovation and Technology
Innovation is the cornerstone of our success. We continually invest in cutting-edge technologies to enhance the efficiency and safety of our operations. This includes advanced leak detection systems, real-time monitoring, and digital customer service platforms.
Awards and Recognitions
Our relentless pursuit of excellence has earned us several accolades and recognitions in the energy industry. These awards serve as a testament to our commitment to quality and innovation.
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