1:2 Stock Split of Realty Stock: Buy On Or Before The Record Date February 07 To Be Eligible?

World-class group housing, office space, commercial, institutional, and township developments are built and developed by AGI Infra Limited. Based on their demands and budget, the firm serves various societal segments, offering a broad range of products that include 1, 2, 3, 5, and 6 BHK apartments and penthouses. The Board announced the record date for the stock split on Tuesday, which caused AGI Infra's shares to close 0.73% down at Rs 1642.35 a share with a market capitalisation of Rs 2,006.41 Cr.

AGI Infra Stock Split Record Date

"Pursuant to Regulation 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors in its Meeting held today has inter-alia fixed Friday, February 07, 2025 as the Record Date for determining the eligibility of Shareholders for the purpose of split/ sub-division of Equity Share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 2 (Two) Equity Shares having face value of Rs.5/- (Rupees Five only) each fully paid-up," said AGI Infra in a stock exchange filing.

AGI Infra Financials

The firm reported net sales of Rs 77.56 crore for the September 2024 quarter, rising 9.39% from Rs 70.91 crore for the September 2023 quarter. In Q2FY25, its net profit was Rs. 17.45 crore, growing 20.45% from Q2FY24's Rs. 14.49 crore. EBITDA for the September 2024 quarter was Rs. 29.09 crore, gaining 33.26% from the September 2023 quarter's Rs. 21.83 crore.

The company will declare its financial results for the December 2024 quarter or Q3FY25 in due course of time.

AGI Infra Share Price Target

"AGI Infra stock price is bearish on the Daily charts with strong resistance at 1700. A Daily close below support of 1615 could lead to a target of 1421 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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