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Realty stock declares interim dividend, scrip rallies over 700% in 3 years

Small-cap firm AGI Infra Limited has a market value of Rs. 575.41 cr. In the real estate sector, it works. AGI Infra Ltd is a public limited company involved in residential and commercial development with its headquarters in Jalandhar (Punjab). Since 2015, the business, which conducts business throughout Punjab, has been listed on the Bombay Stock Exchange. For the fiscal year 2022–2023, the firm, which has expanded into the hospitality and education sectors, has distributed an interim dividend to its qualified stockholders.

For each fiscal year 2022–23, the business announced in a stock exchange filing, its board of directors has decided to distribute an interim dividend of Re 1 (Rupee One only) per equity share with a face value of Rs (i.e., 10%). The shareholders who have already been notified by our letter of March 04, 2023 and whose names are listed in the company’s Register of Members as of the record date, March 22, 2023, will receive the interim dividend. Within 30 days of the interim dividend’s declaration, the shareholders will receive or receive payment of the interim dividend.

AGI Infra Limited has declared five dividends since September 18, 2018, according to Trendline statistics, and the company also announced an equity dividend of 10% of face value. For the fiscal year ending March 2022, 10, or 1 per share. At the current stock price of Rs. 471, this gives a dividend yield of 0.21%.

The company reported a net income of 62.57 crore for Q3FY23 as opposed to 51.33 crore for Q3FY22. The company’s net expense for the quarter ending in December 2022 was 46.70 crore, up from the 38.68 crore recorded for the quarter ending in December 2021. According to AGI Infra, its net profit increased to Rs. 12.22 crore from Rs. 12.65 crore reported during the third quarter of FY22. Its EBIT was 15.88 crore during the third quarter of FY23. The prior quarter had 9.74 crore recorded. The EPS for AGI Infra was Rs., down from Rs. 7.97 in Q3FY22 and Rs. 10.01 in Q3FY23.

AGI Infra Ltd shares finished at each level on the BSE today at 471.00, down 0.66% from the previous close of 474.15. The stock has produced multibagger returns of 750% over the past three years and 184.94% over the past five years. The share price has increased by 96.87% during the past year, but so far in 2023, it has fallen by 6.04%. The stock reached a 52-week high of 601.00 on January 8, 2022, and a 52-week low of 222.20 on December 4, 2022. The company reported that promoter shareholding was 72.94% during Q3FY23, and public shareholding was 27.06%.

Also Read: “HDFC Bank Shares Poised for 23% Return, Says Brokerage: Is Now the Right Time to Invest?”

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