Emami Realty’s stock surged to the 5% upper circuit limit after unveiling an ambitious growth strategy, signalling strong expansion plans. The company is set to develop 22 million square feet of new projects, including 19 million square feet of residential space and 3 million square feet of commercial properties. With a revenue potential of ₹15,000 crore, this major development initiative represents a significant leap forward for the realty giant.
To fuel its growth, Emami Realty plans a ₹10,000 crore investment, with ₹4,500 crore earmarked for residential and commercial projects in West Bengal. The company also plans to allocate ₹5,500 crore for ventures in Uttar Pradesh, Jharkhand, Odisha, and Tamil Nadu. Notably, ₹9,000 crore will be directed towards residential developments, while ₹1,000 crore will focus on expanding commercial spaces.
Emami Realty stock opened at ₹97.90, reaching a high of ₹101.35 and a low of ₹97.87 today. The stock’s 52-week high stands at ₹152.15, while its 52-week low is ₹79.35.
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