Real estate stock rises 5% as AGI Infra Limited’s board approves a 1:2 stock split, making shares more accessible and increasing liquidity. This move aims to attract a broader investor base, positioning the company for further growth in India’s competitive real estate sector.
Why real estate stock rises 5%
AGI Infra’s shares surged by 5.07%, reaching ₹1,690 on December 2, 2024, compared to the previous close of ₹1,608. This jump followed the board’s approval to split each equity share of ₹10 into two shares of ₹5 each, enhancing the stock’s affordability for investors.
Financial boost as real estate stock rises 5%
In Q2 FY25, AGI Infra reported a 9.85% year-on-year growth in revenue, reaching ₹78 crore, up from ₹71 crore in the same period last year. Net profit also increased by 21.42%, climbing from ₹14 crore to ₹17 crore. This robust performance underscores the company’s strong market presence.
Real estate stock rises 5% amid industry growth
India’s real estate sector continues to expand, with data centre demands expected to grow by 15–18 million sq. ft. by 2025. The luxury housing segment saw a 75% sales surge in 2023, supported by government policies like 100% FDI in township development. These trends create a promising outlook for companies like AGI Infra.
Promoter confidence as real estate stock rises 5%
As of December 2024, promoters hold a significant 72.95% stake in AGI Infra, reflecting confidence in its growth. Public shareholders account for 27.01%, while foreign institutional investors hold a minimal share.
AGI Infra’s strategic initiatives, including the stock split and robust financial performance, highlight its commitment to innovation and sustainable growth in India’s dynamic real estate market. With a focus on affordable housing and customer satisfaction, the company remains a key player in shaping the sector’s future.
