Nuvama initiates coverage with a ‘BUY’ rating on AGI Infra (AGIIL) with a target price of Rs 1448
Nuvama initiates coverage with a ‘BUY’ rating and a TP of INR1,448, valuing the stock at 1x FY26E NAV. AGI Infra (AGIIL) is among the few reputed real estate players in Punjab, with a dominant presence in Jalandhar, aided by a strong track record of well-received, high-quality projects. Operating in a market with limited branded competition, it has established a strong position and is strategically expanding into high-demand micro-markets across Punjab. With a robust development pipeline and a sizable, well-located land bank, it is well-positioned to capitalise on Punjab’s growing housing demand. Our confidence in its long-term growth story is aided by a structurally buoyant home market. Report link: https://agiinfra.tiiny.siteKey growth Drivers are highlighted below:Pre-sales CAGR of 13% ...









