This stock surged more than 10% on July 21

This stock surged more than 10% on July 2

Indian Market
by 5paisa Research Team Last Updated: 2022-07-21T18:43:56+05:30

The company is involved in the business of manufacturing, selling, trading of packaging & building products.

After opening in negative, Indian equity market soon turned into green and traded positively on July 21. BSE S&P Sensex jumped 0.51% to close at 55681.95. Telecom and Capital Goods sectors are top sectors outperforming, while healthcare was only sector which was down in today’s trading session. Broader market outperformed the frontline indices. It was also reflected in the positive breadth of the market. On BSE for 1944 companies closed in green while 1408 company’s share closed in red. There was lot of stock specific action was observed, AGI Greenpac Ltd was one of them.

The shares of AGI Greenpac Ltd surged more than 10% today. However, there was no latest news regarding the stock today. The stock opened at Rs 216.5 and made an intraday high and low of Rs 245 and Rs 210.95, and finally closed at Rs 235.85.

AGI Greenpac Ltd belongs to BSE group ‘A’ and has a market capitalization of Rs 1525 crore. The company is involved in the business of manufacturing, selling, trading of packaging & building products. It recently spun off its Consumer Products and Retail operations into a new company called Somany Home Innovations Limited.

Talking about long-term financials, the company has showcased poor sales and revenue growth of 1% and 6%, respectively, over the last 10 years. The Q4 FY22 sales was reported at Rs 432 crore, as against at Rs 417 crore in the same quarter of

As per March FY22 period ending, the company has a ROE, ROCE, and dividend yield of 14.7%, 12.1%, and 2.12%, respectively.

Talking about shareholding patterns, the promoter owns 60.24%, FIIs & DIIs together hold 10.2%, and rest 29.56% is owned by non-institutional investors at the quarter ended on March 2022.

The shares of AGI Greenpac Ltd are trading at a PE multiple of 7.92x even after this gain.

 


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