Multibagger inventory: Brokerage agency Nuvama has initiated protection on AGI Infra with a ‘purchase’ suggestion as a result of ongoing and upcoming tasks, anticipated excessive money flows, and growing demand for residential property.
Shares of the development firm closed 1.29 per cent larger at ₹1,066.9 on the BSE index after Friday’s inventory market session, in comparison with ₹1.053.35 on the earlier market shut.
“We provoke protection with a ‘BUY’ ranking and a TP of INR1,448, valuing the inventory at 1x FY26E NAV. AGI Infra (AGIIL) is among the many few reputed actual property gamers in Punjab, with a dominant presence in Jalandhar, aided by a robust monitor file of well-received, high-quality tasks,” Nuvama mentioned.
Working in a market with restricted branded competitors, it has constructed a presence and is increasing into high-demand markets all through Punjab. With a strong mission pipeline and a big, well-situated land financial institution, it’s estimated to profit from Punjab’s rising housing demand, based on the brokerage agency.
Nuvama additional expects that the continued and upcoming residential tasks will generate a gross money move of ₹8,282 crore and a internet money move of ₹2,060 crore. It has been beneficial to purchase with a goal worth of ₹1,448, an upside of 36%.
About AGI Infra
AGIIL is a Punjab-based actual property developer with presence in cities reminiscent of Jalandhar, Ludhiana, Chandigarh, and Mohali. It has delivered over 10 tasks. Primarily targeted on residential actual property, it is usually engaged within the industrial sector. At the moment, it has 10 ongoing tasks with a complete saleable space of 11.32 million sq. ft, of which 4.98 million sq. ft stays accessible on the market. For the monetary 12 months ended on March 31, 2025, the corporate reported a internet revenue of ₹67 crore, in comparison with ₹52 crore posted within the earlier 12 months.
Disclaimer: The views and proposals given on this article are these of particular person analysts. These don’t signify the views of Mint. We advise traders to verify with licensed specialists earlier than taking any funding choices.
