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By Dalal Street Investment Journal (DSIJ)
AGI Infra shares rose nearly 4% on Friday after the company received a development licence from the Jalandhar Development Authority for its AGI Green Crest housing project in Jalandhar. Adding to the positive sentiment, FIIs increased their stake in the company to 4.78% in March 2026 from 0.83% in December 2025
Indian equity benchmark indices were trading in the green as of 2:08 PM on Friday, April 17, 2026. The Nifty 50 was up 112 points, or 0.47%, above the 24,300 level. Meanwhile, India VIX, the market’s volatility gauge, declined 4% and slipped below the 17.5 mark.
Amid this positive market backdrop, stock-specific action remained active, with AGI Infra drawing attention on the bourses. The stock was trading nearly 4% higher after the company announced that it had secured development licence JDA-2026/115 from the Jalandhar Development Authority for its residential project, AGI Green Crest. The project will comprise 452 units, including 445 three-bedroom flats and 7 two-bedroom flats, in a premium location in Jalandhar. The licence is valid until March 29, 2031.
AGI Infra Limited informed the stock exchanges that it had received Licence No. JDA-2026/115 dated March 30, 2026, from the Jalandhar Development Authority for the development of its group housing project, AGI Green Crest. The company said the licence was received on April 16, 2026.
According to the company’s disclosure, the project is located in a premium residential area in Jalandhar. It will have a total of 452 flats comprising both 3BHK and 2BHK units. The project mix includes 445 units of 3BHK flats and 7 units of 2BHK flats. The company also said the project will offer planned amenities and conveniences for residents.
Regulatory Authority and Validity
The licence has been granted by the Jalandhar Development Authority. As stated in the annexure to the disclosure, it will remain valid up to March 29, 2031.
In its filing, AGI Infra said the approval is expected to support an increase in revenue and profits through the sale of flats in the project.
As per the latest updated shareholding pattern for March 2026, foreign institutional investors increased their stake in AGI Infra to 4.78%, compared with 0.83% in December 2025.
AGI Infra share price hit a fresh 52-week high of 386.70 on April 10, 2026. The stock has delivered multibagger returns of 125.62%, while on a year-to-date basis, it is up 42%.
SEBI Registered Research Analyst (INH000006396).
Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise.
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