2,900 Per Cent Returns and FIIs bought 3,514 shares & DIIs bought 2,254 Shares: Board Likely To Announce Stock Split
The stock gave multibagger returns of 177 per cent in just 1 year, 1,140 per cent in 3 years and a whopping 2,900 per cent in 5 years.
AGI Infra Ltd informed that a meeting of the Board of Directors of the company is scheduled to be held on Monday, December 02, 2024, inter alia, to consider and approve:
- Sub-division/ stock split of equity shares of the company in such manner as may be determined by the Board of Directors subject to the approval of members and such regulatory/statutory authorities as may be required.
- Any other matter with the permission of the Chair.
AGI Infra Ltd, founded in 2005, is a real estate and construction company committed to delivering quality housing and commercial spaces. The company is ISO 9001-2008 certified and a member of the Green Building Council of India, reflecting its commitment to sustainable practices. AGI Infra Ltd has successfully executed numerous affordable housing projects in Punjab under the Pradhan Mantri Awas Yojana and has developed large-scale residential projects in Jalandhar, encompassing over 5,000 homes. Their diverse portfolio includes residential options ranging from affordable housing to luxury villas, as well as commercial developments such as office and retail spaces.
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According to Quarterly Results, the net sales increased by 9.4 per cent to Rs 77.56 crore and net profit increased by 20.5 per cent to Rs 17.45 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 7.5 per cent to Rs 150.19 crore and net profit increased by 14.5 per cent to Rs 31.86 crore in H1FY25 compared to H1FY24.
The company has a market cap of Rs 1,965 crore. The shares of the company have an ROE of 26 per cent and an ROCE of 25 per cent. The stock gave multibagger returns of 177 per cent in just 1 year, 1,140 per cent in 3 years and a whopping 2,900 per cent in 5 years. Investors should keep an eye on this multibagger small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.