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DB Realty, Unitech hit 52-week high; shares zoom over 75% in two weeks

DB Realty locked in upper circuit of 10% at Rs 63.40, has rallied 82% from Rs 34.75 on December 18

Infrastructure, real estate, realty
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SI Reporter Mumbai
Shares of real estate companies DB Realty and Unitech surged upto 18%, extending their rally in past eight trading sessions in otherwise range-bound market. These stocks hit their respective 52-week highs on the BSE in intra-day trade.

DB Realty was locked in upper circuit of 10% at Rs 63.40 on the BSE, after the real estate developer said its promoter increased their holding in the company through open market purchase.

Till 11:08 AM; a combined 2.44 million shares changed hands and there were pending buy orders for 1.5 million shares on the NSE and BSE.

“Vinod Goenka