D B Realty jumped 7.44% to Rs 85.25 at 14:41 IST on BSE, with the stock extending its recent rally.
Meanwhile, the S&P BSE Sensex was up 254.26 points or 0.88% at 29,260.28
On BSE, so far 12.23 lakh shares were traded in the counter as against an average daily volume of 1.89 lakh shares in the past one quarter.
The stock hit a high of Rs 87.25 and a low of Rs 80.55 so far during the day. The stock had hit a 52-week high of Rs 116.20 on 19 June 2014. The stock had hit a 52-week low of Rs 47.55 on 19 February 2014.
The stock had outperformed the market over the past one month till 22 January 2015, rising 41.95% compared with the Sensex's 4.71% rise. The scrip also outperformed the market in past one quarter, gaining 31.59% as against Sensex's 8.28% rise.
The small-cap company has equity capital of Rs 243.26 crore. Face value per share is Rs 10.
Also Read
Shares of D B Realty are on a roll recently, surging 28.19% in four trading days from a recent low of Rs 66.50 on 19 January 2015. The gains caught momentum after D B Realty after market hours on 21 January 2015 said that a project being developed by the company's subsidiary has received approval for additional floor space index from Maharashtra government. The stock rose by its maximum permissible daily limit of 10% to settle at Rs 79.35 yesterday, 22 January 2015.
D B Realty said its subsidiary Neelkamal Realtors and Towers, is developing a project known as DB Orchid Heights, near Jacob Circle, Mahalaxmi, Mumbai. On 19 January 2015, the project received approval from the Government of Maharashtra for development of 3 floor space index (FSI) under DC Regulation 33 (7), from the earlier 2.5 FSI, DB Realty said. The increase in FSI offers substantial positive development for the company and 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, it added.
D B Realty's consolidated net profit spurted 1598.3% to Rs 10.02 crore on 8.1% decline in net sales to Rs 79.97 crore in Q2 September 2014 over Q2 September 2013.
D B Realty is a real estate developer in India.
Powered by Capital Market - Live News