DB Realty shares jump after its indicted executives get bail

DB Realty is currently trading at Rs. 64.60, up by 10.75 points or 19.96% from its previous closing of Rs. 53.85 on the BSE.

The scrip opened at Rs. 52.95 and has touched a high and low of Rs. 64.60 and Rs. 52.05 respectively. So far 1486500 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 339.00 on 23-Nov-2010 and a 52 week low of Rs. 47.50 on 03-Oct-2011.

Last one week high and low of the scrip stood at Rs. 64.40 and Rs. 52.05 respectively. The current market cap of the company is Rs. 1309.95 crore.

The promoters holding in the company stood at 61.88% while Institutions and Non-Institutions held 6.53% and 31.59% respectively.

DB Realty along with that of Reliance Communications (RCom) and Unitech gained momentum after Supreme Court granted bail to five company executives charged in a multi-billion dollar telecoms licensing scandal. 14 individuals and three companies have been charged in alleged rigging of a 2007/08 grant of lucrative telecoms licences that a state auditor said cost the government up to $39 billion in revenue.