New Delhi, July 22 -- Shares of Emami Paper Mills were locked in the 20% upper circuit in Wednesday's trade (22 July), hitting a 10-month high of Rs.118.63 apiece and extending their winning streak to a third consecutive session. The sharp rally came after investors cheered the company's strong June quarter earnings, which reflected robust growth in both profitability and revenue.

The company reported a 512% year-on-year surge in consolidated net profit to Rs.38.61 crore for the quarter ended June 2026, compared with Rs.6.31 crore in the corresponding quarter last year. On a sequential basis as well, net profit rose 22.6% from Rs.31.50 crore reported in the March quarter, indicating sustained earnings momentum.

Revenue from operations i...