Emami Realty stock hits 5% upper circuit on project launch buzz

Investors’ interest in Emami Realty surged on December 2, with shares locked in a 5% upper circuit at ₹111.7. This rally followed the launch of the company’s premium residential project, Emami Aamod, in New Alipore. Analysts predict the project will generate revenue of approximately ₹850 crore.

Project launch sparks stock momentum

The Emami Aamod project has rekindled investor confidence in Emami Realty, leading to a three-session streak of 5% gains. However, the company’s stock has declined by nearly 3% in 2023, significantly underperforming the Nifty 50, which gained 11% in the same period.

A closer look at Emami Aamod

Spread across 4 acres, Emami Aamod offers a collection of 3 BHK and 4-bedroom apartments, including options with servant rooms. A unique feature is the 1-acre Aqua Serenity Lake.

Strategically located on a 24-metre-wide road in New Alipore, the project ensures easy access to hospitals, schools, and shopping centres, making it a promising investment opportunity.

Emami Realty: A legacy in real estate

Since its inception in 2006, Emami Realty has developed over 3.7 crore square feet of residential, commercial, and retail spaces across India and Sri Lanka. Its portfolio includes landmark projects such as South City, Urbana, and Emami City, executed through Special Purpose Vehicles (SPVs) and joint ventures.

The company continues to attract attention from those looking to invest in stocks tied to premium real estate ventures.

Financial performance highlights

In Q2FY25, Emami Realty reported a net loss of ₹13.3 crore, an improvement from the ₹21.3 crore loss recorded in the same period last year. Revenue from operations stood at ₹6 crore, slightly down from ₹6.8 crore a year ago.

Despite these challenges, the company’s consistent focus on premium developments like Emami Aamod positions it as a viable choice for those planning to invest in stocks within the real estate sector.

Key takeaways

1. Stock boost: Emami Realty shares locked in a 5% upper circuit at ₹111.7, buoyed by the Emami Aamod launch.
2. Premium project: Emami Aamod, located in New Alipore, spans 4 acres and includes a 1-acre lake.
3. Real estate footprint: The company has delivered 3.7 crore sq. ft. across India and Sri Lanka since 2006.
4. Financial trends: Net loss narrowed in Q2FY25, reflecting efforts to stabilise operations.

Investors eyeing opportunities to invest in stocks linked to real estate may find Emami Realty’s trajectory worth monitoring.