DB Realty has zoomed 8% to Rs 81.30 after reporting 19% year-on-year growth in net profit at Rs 299 crore for the financial year 2010-11. Revenues were up 35% to Rs 1,327 crore.
"DB Realty currently has over 83.5 million square feet of developable area, 33.5 million square feet is ongoing projects and 50 million square feet is forthcoming projects," the Mumbai-based real estate company said in a filing to the stock exchanges.
The stock opened at Rs 75.65 and hit a high of Rs 81.85 after the announcement of results on the NSE. A total 3.69 million shares have changed hands on the counter on both the exchanges till 1.28 pm.