Shares of Adani Total Gas Ltd continued their bullish momentum for the fourth consecutive session on the National Stock Exchange on Thursday, supported by regulatory measures aimed at securing domestic natural gas supplies for essential segments amid the West Asia conflict.
The stock climbed 6 per cent during the session to touch an intraday high of ₹644.85, compared with the previous close of ₹607.60.
It has witnessed a sharp rebound in recent sessions. In the previous trading session, it surged more than 40 per cent to touch a high of ₹651, recovering strongly from its recent low of ₹462.80 (its 52-week low) recorded on March 9.
Investor sentiment remained upbeat after the government issued the Natural Gas (Supply Regulation) Order, 2026, which prioritises allocation of domestically produced natural gas to critical segments such as compressed natural gas and piped natural gas. The move is aimed at protecting domestic supplies from potential disruptions arising from geopolitical tensions in West Asia that have affected global liquefied natural gas shipments.
Market participants viewed the regulatory step as supportive for city gas distribution companies that depend on stable fuel supplies to maintain operations and pricing stability.