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AGI Infra jumps on entering into development agreement with ABS Builders

23 Aug 2021 Evaluate

AGI Infra is currently trading at Rs. 159.50, up by 4.10 points or 2.64% from its previous closing of Rs. 155.40 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 162.00 and Rs. 154.00 respectively. So far 3359 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.00 on 23-Aug-2021 and a 52 week low of Rs. 45.55 on 24-Aug-2020.

Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 149.00 respectively. The current market cap of the company is Rs. 190.15 crore.

The promoters holding in the company stood at 72.94% and Non-Institutions held 27.06%.

AGI Infra has entered into a development agreement with ABS Builders & Promoters LLP, Chandigarh who has to develop a project in total 14.9 Acres (72,116 sq. yards). Out of the total property, about half is owned by ABS Builders & Promoters LLP and the balance by The Working Friends co-operative Housing Society.

ABS Builders & Promoters LLP has offered the rights to develop FAR measuring 625000 Sq fts in the project being developed by it at Village Sohana, District SAS Nagar (Mohali) in the State of Punjab. The Consideration of purchase of rights of developing FAR measuring 625000 Sq.ft is Rs.80 crore.

The proposed development agreement will help the company to expand its business operations outside the city of Jalandhar and entering into new geography in SAS Nagar (Mohali), Near Chandigarh.

AGI Infra Share Price

372.05 -2.55 (-0.68%)
20-Apr-2026 15:10 View Price Chart
Peers
Company Name CMP
Lodha Developers 858.35
Dilip Buildcon 451.75
DLF 598.00
Oberoi Realty 1698.30
Ahluwalia Contract(I 834.95
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