DB Realty rebounds, freezes at 5% upper circuit; gains 181% in seven weeks

The company's board is scheduled to meet on Wednesday, February 9, 2022 to discuss and consider the proposal for raising of funds.

Shares of DB Realty were frozen in the 5 per cent upper circuit at Rs 105.90, bouncing 10 per cent up from their intra-day low of Rs 95.90 on the BSE in Monday’s intra-day trade on the back of heavy volumes, despite Godrej Properties cancelling its plans to invest Rs 700 crore in the real estate company.

The trading volumes on  DB Realty's counter jumped over five-fold with a combined 5.77 million shares having changed hands till 01:17 pm. There were pending buy orders for 1.8 million shares on the NSE and BSE. In comparison, the S&P BSE Sensex