1:2 Stock Split Soon: Infra Stock Hits New 52-Week High Ahead Of Sub-Division; 100% Gains YTD

Residential commercial projects maker, AGI Infra's share price skyrocketed to hit a back-to-back new highs. On December 5th, the stock witnessed massive buying sentiment, leading it to a new 52-week high of Rs 1,749.80 apiece on BSE. The stock has been rallying for a second consecutive session now. The uptrend in AGI Infra comes after the company announced a stock split of a 1:10 ratio. The record date will be announced in due course.

AGI Infra Share Price:

After market hours of Thursday, AGI Infra stock ended at Rs 1737.30 apiece, up by Rs 50.75 or 3.01% on BSE with a market cap of Rs 2,122.41 crore. The stock has more than doubled from its 52-week low of Rs 723.80 apiece.

Currently, AGI Infra has a price-to-equity ratio of 37.81x, while the return on equity is at 24.98%.

AGI Infra stock has advanced by 100.52% year-to-date, while in a year, the stock soared by 106.75%. In 5 years, AGI Infra shares have surged by a whopping 2,742.48%.

AGI Infra Stock Split:

Earlier this week, the company received approval for the stock split of its shares in the ratio of 1:10.

As per the regulatory filing, the board approved the Sub-division/ split of each equity share of the Company having a face value of Rs. Rs. of 10/- (Rupees Ten only) each, fully paid-up, into 2 (Two) equity shares having a face value of 5/- (Rupees Five only) each, fully paid-up. The sub-division/ split will be subject to the approval of the shareholders of the Company through a postal ballot process.

The company said the record date for the above sub-division/split of Equity Shares shall be decided after obtaining approval for the sub-division/ split from the shareholders.

It said, with a view to enhance the liquidity of the Company's equity shares and to encourage participation of retail investors by making equity shares of the Company more affordable.

About AGI Infra:

AGI INFRA LIMITED is a public limited company engaged in developing residential and commercial projects, with its head office in Jalandhar (Punjab). The Company is listed on the Bombay Stock Exchange since 2015 and has operations all over Punjab. Over the last decade, the company has delivered many mega projects-residential and commercial, with product ranges varying from affordable homes to Mid-segments and High-segments, including flats, penthouses, plots, and independent villas and commercial developments including office and retail space. Currently, the company is executing one of its milestone projects in Jalandhar, which also is one of the biggest residential projects in the state of Punjab.