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Adani Gas Limited (ATGL) stock surged over 32% in five days, closing on Friday at 644.85 rupees, up 6%. The rally was driven by India's 2026 Natural Gas (Supply Regulation) Ordinance, which prioritizes natural gas supply to critical industries amid supply disruptions caused by Iran conflicts. ATGL is an urban gas distribution company that previously warned industrial users of tight natural gas supplies. The company appreciated the ordinance's prioritization of household and transportation gas supply. With Iran blocking the critical Strait of Hormuz transit corridor, natural gas supplies remain constrained, and analysts expect supply disruptions to persist for some time.