Adani Total Gas: Why is it on fire and what should investors do?

Adani Total, which got incorporated in 2005 and got listed separately from Adani Enterprises in 2018, is the largest private city-gas distributor in India. Like shares of other Adani group companies, the Adani Total Gas (named changed from Adani Gas recently) stock has been on steroids. In spite of the COVID led slowdown in the economic activity, the stock has risen over ten times in just one year. Business: The company currently has 14 operational geographical areas (GAs), 151 CNG stations and a pipeline network of more than 7,800 km. Gas-distribution companies typically supply natural gas in either compressed form (CNG for vehicles) or piped form (PNG for domestic and industrial use). Adani Total derives an equal amount of sales volume from both of them. With the Franc