Emami Realty's shares have experienced a surge, reaching the upper circuit limit of 5%, with a trading price of Rs 111.7. This increase in share value follows the launch of Emami Aamod, a premium residential project located in New Alipore.

The project spans 4 acres and is expected to generate approximately Rs 850 crore in revenue. This surge in share value marks the third consecutive session where the stock has been locked in the upper circuit. Emami Aamod offers a range of 3 BHK and 4 BHK apartments, including servant rooms, and features a notable 1-acre Aqua Serenity Lake.

Despite this positive development, Emami Realty's stock has seen a decline of nearly 3% year-to-date, underperforming in comparison to the Nifty 50's 11% gain during the same period.