This realty stock hit upper circuit for fifth day in a row, up 28% in one week
1 month, 1 week ago

This realty stock hit upper circuit for fifth day in a row, up 28% in one week

Live Mint  

Shares of Emami Realty, the real estate arm of the Emami Group, continued their exceptional bull run, hitting the 5 per cent upper circuit limit for the fifth consecutive trading session on Wednesday, December 4, reaching a seven-week high of ₹123.17 apiece. Strong pipeline of 22 million sq ft in development The company plans to develop 22 million sq ft, consisting of 19 million sq ft for residential projects and 3 million sq ft for commercial spaces, with an estimated revenue potential of ₹15,000 crore, the company said in its November 28 exchange filing. Outside Bengal, Emami Realty is also focusing on projects like Emami Tejomaya Phase II in Chennai, Emami Miraai in Sipcot, Chennai, as well as developments in Buda, Govindpur, and Raghunathpur Jali. Amid sustained demand, inventory levels in key cities have seen significant reductions, particularly in cities like Pune, which recorded a 13 per cent annual decline in inventory levels.

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Emami Q2 Results Live: Profit Rises by 19.14% YOY
2 months ago

Emami Q2 Results Live: Profit Rises by 19.14% YOY

Live Mint  

Emami Q2 Results Live : Emami declared their Q2 results on November 7, 2024, showcasing a topline increase of 2.97% year-over-year, while profit surged by 19.14%. Despite these positive annual figures, the company's revenue experienced a slight decline of 1.71% compared to the previous quarter, although profit rose significantly by 39.32%. Emami also reported an impressive operating income growth of …

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