AIG Infra shares jumped 2.2% to ₹371.10 on BSE on Monday, April 13, despite broader market weakness. According to reports from LiveMint, the stock's gains came as the company announced securing regulatory approval from the Greater Mohali Area Development Authority (GMADA) for its upcoming group housing project. The multibagger SME stock has demonstrated exceptional resilience, rising 127% in the last year and over 4,900% in the past five years, significantly outperforming the broader market. As per HT Digital Streams Limited, the stock had hit its 52-week high of ₹386.25 last week and touched its 52-week low of ₹147 in May last year.
The company's maiden project in New Chandigarh, named 'Utopia by AGI', received GMADA approval on April 1, 2026. As reported by LiveMint, the project will be developed on a 10.26-acre land parcel in a premium residential area of New Chandigarh. The development will offer a saleable area of approximately 31,93,697 square feet and comprise 661 residential flats across multiple configurations including 3BHK, 4BHK, and 5BHK units, along with planned amenities for residents. The project marks AGI Infra's formal entry into the New Chandigarh real estate market, signaling the company's intent to scale further in emerging residential micro-markets while maintaining its focus on premium housing developments.
The stock's performance contrasted sharply with broader market conditions, as reported by LiveMint. Dalal Street witnessed a massive sell-off with Sensex dropping 1,682 points or 2.1% to 75,868.32 and Nifty declining 495 points or 2% to 23,555.60 during intra-day trading. The macro weakness was attributed to the failure of US-Iran peace talks and surging crude oil prices, heightening fears of a prolonged Middle East conflict. Despite the market downturn, AIG Infra's stock has maintained positive momentum, gaining 26% in the last three months and 19% in the past month, reaching its 52-week high of ₹386.25 last week.
According to LiveMint reports, AGI Infra has been actively strengthening its capital base through strategic investments. The company recently invested ₹12 crore as part of a planned ₹30 crore investment to acquire a 60% stake in Worldnext Realty LLP. Additionally, it raised ₹75 crore through a qualified institutional placement (QIP), which saw participation from multiple foreign portfolio investors including Craft Emerging Market Fund PCC, Beacon Stone Capital VCC, and Astorne Capital VCC. The company also completed a qualified institutional placement (QIP), raising ₹75 crore with participation from multiple foreign portfolio investors.
As reported by LiveMint, AGI Infra Limited has built a strong presence in Punjab, particularly in Jalandhar and Ludhiana, and has delivered over 25 projects with more than 15 million square feet of constructed area. The New Chandigarh project signals the company's intent to scale further in emerging residential micro-markets while maintaining its focus on premium housing developments. The stock had touched its 52-week low of ₹147 in May last year, highlighting the significant recovery from its recent lows, demonstrating the company's ability to navigate market volatility while maintaining its growth trajectory.
