A company in the agritech sector, Auri Grow India Limited, is currently trading at just ₹0.75 per share. Before this surge, the stock had been on a downward trend for several consecutive days. However, on recent days, the stock price has started to rise sharply. Let’s take a look at the reasons behind this sudden change.
What Happened to the Stock?
Based in Indore, Auri Grow India Limited is involved in agritech and the export of certain agricultural genes. The company, listed on the National Stock Exchange (NSE), recently made an announcement that triggered the stock’s surge: the launch of an artificial intelligence (AI)-enabled carbon credit platform called CarbonKrishi. This announcement led to a sharp rise in the stock price after a consistent fall over the previous nine sessions.
Stock Price Movement:
According to NSE data, Auri Grow’s stock was on an upward trajectory until 22nd December, when it closed at ₹0.96 per share. Following that, the price started to fall daily, reaching ₹0.70 by 2nd January. However, on 5th January, the stock hit an upper circuit and closed at ₹0.73 per share. On 6th January, the stock showed a further 4.17% increase, closing at ₹0.75, within the 5% circuit limit. Notably, the stock market as a whole saw a decline on the previous Monday and Tuesday, yet Auri Grow India continued to see positive movement.
Why Did the Stock Rise?
On 5th January, the company informed NSE that it had received a confirmation certificate from its registrar and transfer agent, Ankit Consultancy Pvt. Ltd. After this, Auri Grow India announced the launch of its new AI-driven carbon credit platform, CarbonKrishi, which contributed to the rise in the stock price.
What Is CarbonKrishi?
The CarbonKrishi platform uses AI analytics, satellite imagery, and data on crops and soil to assess the carbon impact in farmers’ fields. The company aims to connect nearly 100,000 farmers, particularly those in agricultural areas, to the platform.
What Benefits Will It Bring?
According to Pratik Kumar Patel, Director of Auri Grow India Limited, “Through CarbonKrishi, our aim is to help farmers adopt climate-positive and sustainable farming practices, providing them with additional income. Moreover, it will create a scalable, asset-light revenue stream for the company.” He further added, “By leveraging AI, data analytics, and globally recognized verification frameworks, we aim to integrate Indian agriculture into the global carbon credit ecosystem.”
Potential Increase in Revenue:
The company estimates that CarbonKrishi could generate a total carbon credit value of ₹16 to ₹50 crore annually. However, this will depend on the verification process and global carbon pricing. The company expects to earn 20-30% of the platform’s participation or commission fees, which could translate to ₹3 to ₹10 crore in potential annual revenue from carbon credits.
Disclaimer:
The suggestions provided in this analysis are from individual analysts or brokerage firms and not from NBT. We advise investors to consult certified experts before making any investment decisions, as stock market conditions can change rapidly.
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