Rakesh Jhunjhunwala portfolio: Multibagger stock DB Realty shares also hit the upper circuit after touching lower circuit in early morning deals. DB Realty share opened today below its yesterday’s closing price and fell to a low of Rs 92.30 on NSE. It touched the lower circuit in the opening session. However, buying was soon seen in the stock and this stock reached a high of Rs 101.95 by placing upper circuit.
According to the information available on the BSE website, after touching the lower circuit, the DB Realty share price again saw a rise due to 1.78 times the volume of its shares. This portfolio stock of Rakesh Jhunjhunwala had touched the lower circuit in Thursday’s session as well.
Expert Opinion on DB Realty
Mehul Kothari, Anand Rathi Shares & Stock Brokers on DB Realty shares said, “The stock has entered a corrective mode after showing a one-sided rally from Rs 37 to Rs 135 per share levels. This corrective mode is not over yet. During this, the stock is likely to fall to Rs 85. This level is its previous swing low level. This will be an important level for investors. This stock is circuit to circuit so traders should stay away from it. The upside resistance in DB Realty is visible at Rs 110. If it breaks this level, it could again see an upside.”
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Shares of DB Realty is one of the multibagger stocks in 2022. This stock of Rakesh Jhunjhunwala has gained almost 110 per cent so far this year. At the same time, in the last one year, it has given returns of more than 350 percent to its shareholders.
Rakesh Jhunjhunwala’s stake in DB Realty
As per the shareholding pattern of DB Realty in Q3 of FY2021-22, Rakesh Jhunjhunwala holds 50 lakh shares or 2.06 percent stake in the company. According to the news of Mint, this shareholding is in the name of his wife Rekha Jhunjhunwala. At the same time, the shareholding pattern of DB Realty for Q4 of FY2021-22 has not been released.
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