Adani Total Gas share price up over 28% in one week amid LPG crisis – What’s fuelling the rally?

The Indian central government has ordered the gas suppliers in the country to prioritise the supply of domestic piped natural gas (PNG) and compressed natural gas (CNG), along with supporting the needs of industrial and commercial clients.

In an exchange filing on March 11, Adani Total Gas disclosed that the company is assessing the geopolitical developments in the West Asia region for the impact and taking the necessary steps to mitigate the risks for its supplies.

“We wish to inform that in view of recent escalation of geopolitical developments in the Middle East region, some of the gas suppliers of the Company have curtailed the gas supply which in turn has impacted our supplies to industrial customers,” the company informed the stock exchanges.

What’s fuelling Adani Total Gas’ rally?

Adani Total Gas’ recent rally on the stock market is fueled by the raging demand for natural gas in the country. India is facing an LPG shortage crisis as the shipments of crude oil and natural gas from the West Asian Gulf countries get affected due to the raging conflict between the United States and Iran.

Investors' confidence in the company’s assurance of mitigating risks, along with the high demand for the commodity are key triggers which are driving up the stock on the Indian market.

The global maritime trade for oil and natural gas has been disrupted after Iran has been exercising strategic control over the tanker trade passing through the Strait of Hormuz, which serves as one of the busiest chokepoints for multinational energy exports.

The Joint Secretary of Oil Ministry, Sujata Sharma, in a recent media briefing said that there is need for panic booking of LPG in the nation as the country is following the normal delivery cycle, while crude oil and natural gas is being sourced through other routes than Hormuz Strait.

On March 12, a report from Hindustan Times suggests that a Liberian flagged oil tanker berthed at the Mumbai port on Thursday after it safely transited the Strait of Hormuz with Saudi Arabian crude oil on board. However, the trade route still remains subject to attacks as per several foreign media reports.

Adani Total Gas share price trend

As of 01:18 p.m., Adani Total Gas share price is trading 9.84% higher at ₹622.75 during the trading session on Thursday, compared to ₹566.90 at the previous stock market close, according to the NSE data.

Shares of Adani Total Gas have given stock market investors more than 28% returns on their investment in the last one-week, and have gained over 16% in one month. NSE data also showed that the natural gas distribution company’s stock is trading 4.86% higher on a year-to-date (YTD) basis.

However, in the long term, the NSE data showed that the stock has lost 15.58% in the last five years and is down 34% in the last three years, but the Adani Total Gas shares have delivered 3.75% returns to investors in the last one-year period.

Adani Total Gas shares hit its 52-week high level at ₹798 on September 23, 2025, while the 52-week low level was at ₹462.80 on 9 March 2026. The stock has recovered from its year-low levels soon after the LPG crisis in the country.

The company’s market capitalisation (M-Cap) was at ₹68,292.71 crore as of the trading session on Thursday, March 12, 2026.