ATGL clarifies battery storage news does not pertain to it
ATGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts more than Nifty Midcap 150 and 0.2 pts less than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Adani Total Gas clarified to stock exchanges that a news article titled 'Adani plans India's biggest battery storage in Gujarat' does not relate to its operations or business. The company said it has no comments to offer on the article. It also stated that the recent movement in its share price is purely market-driven and the management has no control over or knowledge of the reasons for the price and volume change. ATGL affirmed it will continue making all required disclosures under SEBI listing rules.
Removes confusion from speculative news; confirms the battery storage plan is unrelated to ATGL, so no direct impact on the company.