Adani Total Gas’s share price is currently showing an oversold condition based on the 14-day relative strength index (RSI) of 23.76. The stock has a high price-to-equity (P/E) ratio of 145.66 and a price-to-book (P/B) value of 26.27.

Adani Group has experienced a significant Decline in market value since January 24, following the release of a report by US-based short seller Hindenburg. The report alleged stock manipulation and accounting fraud by the conglomerate. Hindenburg also questioned the capacity and capabilities of the auditing firms, including Shah Dhandharia, involved with the Adani Group. Both Adani and Shah Dhandharia have denied the allegations. The Supreme Court is currently reviewing petitions requesting an investigation into Hindenburg’s report on the Adani Group. Additionally, the Securities and Exchange Board of India (SEBI) has requested an extension to submit its report to the court.

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