Upper Circuit Stocks: 20% upper circuit in 24 minutes! Stocks surge, volume surprises:Shares of a small real estate company saw strong action on Friday. Within minutes of opening, the stock surged 20% and was locked in the upper circuit. Notably, while approximately 100,000 shares are traded daily, more than 200,000 were traded before 10 a.m. today, sparking market discussion about the stock.

News Topical, Digital Desk : Shares of the real estate company saw a sharp rise on April 24th. The stock started the day at ₹76, compared to its previous close of ₹75.77. The stock started off normal, but within a short time, it was trading around ₹76. At 9:20 am, the stock was trading at ₹76. Subsequently, it saw a sharp rise in the next 24 minutes, reaching ₹90.92 at 9:44 am. This was its 20% upper circuit level, and the stock was locked there. This meant investors had less opportunity to buy and more opportunity to see the upside.

Big news just arrived - JPMorgan on India: First HSBC and now JPMorgan downgraded ratings, Nifty target set at 20,500. In terms of returns, the stock has gained 72% in the past month. This means it has seen tremendous growth in recent times. However, the long-term picture is mixed. The stock has fallen 28% in the past year, while it has gained nearly 30% in three years. This means the stock has been subject to sharp fluctuations. Looking at the shareholding pattern, the promoters hold 73.42%, which is considered a sign of strong promoter control. Public shareholding is followed by approximately 16.75%. Shares with a high promoter stake often experience sharp movements due to reduced float. Now, let's understand the company's business. Emami Realty Limited is a real estate development company that works on residential, commercial, and retail projects. The company is headquartered in Kolkata and has a presence in several states in India.

The company operates in a variety of sectors: Apartment and villa projects in the residential segment. Office space development in the commercial segment. Shopping malls and commercial complexes in the retail segment.

24-minute stock price jump Opening price ₹76.00 9:20 AM price ₹76 9:44 AM price ₹90.92 One-day gain +20% 1-month return +72% 1-year return -28% 3-year return +30% Promoter stake 73.42% The company is reported to have presence in West Bengal, Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Odisha, Maharashtra, and Sri Lanka. Many projects are implemented through SPV and JV models. The company is part of the larger Emami Group, which is active in sectors such as FMCG, healthcare, and retail. Brands like Navratna and BoroPlus are associated with this group. The company's profile is based in 2006. The name was later changed to Emami Realty in 2018. The company has approximately 115 employees. In FY25, the company's revenue was ₹86 crore, while a loss of ₹185 crore was recorded.