Emami Realty share hits 5% upper circuit after launch of new project in Alipore

Emami Realty | CMP: Rs X | Shares were locked in a 5 percent upper circuit at Rs 111.7 following the launch of its premium residential project, Emami Aamod, in New Alipore. The project is expected to generate revenue of approximately Rs 850 crore.

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Shares of Emami Realty locked in a 5 percent upper circuit at Rs 111.7 on December 2 following the launch of its premium residential project, Emami Aamod, in New Alipore. The project is expected to generate revenue of approximately Rs 850 crore.

Emami Realty's stock has declined nearly 3 percent on a year-to-date basis, underperforming the Nifty 50's 11 percent gain during the same period. Today marked the third consecutive session of the stock being in a 5 percent upper circuit.

Spread across 4 acres, Emami Aamod features a collection of 3 BHK and 4 BHK apartments with servant rooms. A key highlight of the project is the 1-acre Aqua Serenity Lake.

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Located on a 24-meter-wide road in New Alipore, the project offers convenient access to healthcare facilities, educational institutions, and shopping destinations.

Established in 2006, Emami Realty has developed over 3.7 crore square feet of residential, retail, and commercial real estate across West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Odisha, Maharashtra, and even Sri Lanka. These projects are carried out through various Special Purpose Vehicles (SPVs) and Joint Ventures. The company’s notable projects include South City, Urbana, and Emami City.

In Q2FY25, Emami Realty reported a net loss of Rs 13.3 crore, narrowing from Rs 21.3 crore in the same period last year. Revenue from operations was Rs 6 crore, slightly lower than the Rs 6.8 crore recorded a year ago.

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