During Monday’s trading session, the shares of a small-cap company operating in the real estate and construction services sector surged nearly 5.6 percent to hit an intraday high at Rs. 1,784.9 on BSE, after the company announced fixing a Record Date for the stock split in a 1:2 ratio.
With a market cap of Rs. 2,051 crores, the shares of AGI Infra Limited opened in the green at Rs. 1,699.95, up by nearly 0.6 percent, as compared to its previous closing price of Rs. 1,689.95.
What’s the news
According to the latest regulatory filings with the BSE, AGI Infra Limited has fixed Tuesday, 21st January 2025, as the “Record Date” to determine the eligibility of shareholders for the stock split.
On 2nd December 2024, the Board of AGI Infra Limited approved the sub-division/split of equity shares of the company in a 1:2 ratio, where 1 equity share of Rs. 10 each will be sub-divided/split into 2 equity shares having a face value of Rs. 5 each.
Financials
AGI Infra reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 9 percent, rising from Rs. 71 crores in Q2 FY24 to Rs. 77.6 crores in Q2 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 14 crores to Rs. 17 crores, representing a growth of around 21.4 percent YoY.
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Stock Performance
The stock has delivered positive returns of nearly 68 percent in one year, as well as around 89 percent of positive returns in the last six months. However, the shares of AGI Infra have given negative returns of about 10.5 percent in the last one month.
About the company
AGI Infra Limited is principally engaged in the business of real estate and construction services. It develops and constructs world-class group housing, office space, commercial, institutional buildings and township projects.
Written by Shivani Singh
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