DB Realty is currently trading at Rs. 84.45, up by 5.10 points or 6.43% from its previous closing of Rs. 79.35 on the BSE.
The scrip opened at Rs. 83.10 and has touched a high and low of Rs. 87.25 and Rs. 80.55 respectively. So far 1224602 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 116.20 on 19-Jun-2014 and a 52 week low of Rs. 47.55 on 28-Feb-2014.
Last one week high and low of the scrip stood at Rs. 87.25 and Rs. 65.95 respectively. The current market cap of the company is Rs. 2067.70 crore.
The promoters holding in the company stood at 61.43% while Institutions and Non-Institutions held 10.35% and 28.23% respectively.
Neelkamal Realtors and Towers, a subsidiary of DB Realty is developing a project known as ‘DB Orchid Heights’, near Jacob Circle, Mahalaxmi, Mumbai. The company’s project has received approval from the Government of Maharashtra for development of 3.0 FSI under DC Regulation 33 (7), from the earlier 2.5 FSI.
The increase in FSI offers substantial positive develop lent for the company. The project offers substantial revenue potential for the Company. The project is one of the large projects of the company and the approval represents a significant positive event for the company.
DB Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.
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