Adani Gas shares surge 40% in two days, hit new high

Shares of Adani Gas today surged as much as 19% to ₹348, hitting a fresh 52-week high today and also extending gains to the fourth day. In the previous session, Adani Gas shares had surged about 20%. In two days, Adani Gas shares have logged gains over over 40% amid heavy volumes.

Bombay Stock Exchange had sought a clarification from Adani Gas Ltd with reference to movement in volumes.

Adani Gas in a communication to exchanges today said: “We would also like to clarify that there are no pending information / announcement, to be made; as of date. As per our understanding, fluctuation in the Share Price of the Company seems market driven. Also, we would like to reiterate that, in the event there is any development which requires disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, we will make the same in accordance with regulatory requirement.”