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DB Realty trades jubilantly as its JV plans to develop residential project in Mumbai

19 Jun 2015 Evaluate

DB Realty is currently trading at Rs. 65.50, up by 4.55 points or 7.47% from its previous closing of Rs. 60.95 on the BSE.

The scrip opened at Rs. 65.55 and has touched a high and low of Rs. 66.90 and Rs. 64.70 respectively. So far 170435 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. 51.00 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 66.90 and Rs. 59.00 respectively. The current market cap of the company is Rs. 1583.61 crore.

The promoters holding in the company stood at 62.08% while Institutions and Non-Institutions held 10.87% and 27.05% respectively.

DB Realty has joined hands with ECC and Konark to develop a residential project in Andheri in suburban Mumbai. ECC-DB-Konark joint venture (JV) is developing a residential project ‘DB Skypark’ near Terminal 2 of International airport in Andheri. DB Realty will have a 75% share in the project.

The project has achieved financial closure and the work has commenced for the Phase I and the entire project is expected to be completed in about three years. This approval is a positive development as the project offers substantial cash flow potential for the company in the near future.

The commencement certificate dated June 16, 2015, has been received for the said building. The total built-up area of the project is approximately 4.70 lakh square feet and is spread across 7 wings of 12 storied.

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.

 

Valor Estate Share Price

106.36 -0.81 (-0.76%)
20-Apr-2026 16:59 View Price Chart
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