DB Realty shares: Shares of DB Realty, a stock included in the portfolio of veteran investor Rakesh Jhunjhunwala, hit the upper circuit for the second consecutive day on Wednesday. Shares of DB Realty on Wednesday rose 5 per cent to Rs 100.15 and got locked in the upper circuit. With this, the share price once again reached three digits, which had recently come in double digits due to the sell-off during the Russia-Ukraine crisis.
Giving more details about DB Realty shares, Mehul Kothari, AVP (Technical Research), Anand Rathi Shares & Stock Brokers said, “After jumping from Rs 37 to Rs 134 level, this stock started declining. ” He said that the stock has support available at Rs 85 level, while it may face some hurdles at Rs 110 level.
Will the stock rise and fall?
Analyst at Anand Rathi said that further upside in this stock will be seen only if it crosses Rs 110 level and maintains it. On the other hand, if the stock declines from here, then the level of Rs 85 can act as a strong support for it.
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DB Realty share price history
DB Realty had announced to raise funds through a partnership with real estate company Godrep Properties, after which its shares were regularly seeing upper circuit and it touched the level of Rs 134.05 on NSE, which is its Highest level of last 52 weeks. However, after this, profit-booking started in the stock and from the second fortnight of February 2022, it started declining. The Russia-Ukraine crisis also had an impact on the stock.
multibagger returns
However, despite this, DB Realty is one of the multibagger stocks of the year 2022. DB Realty shares were priced at Rs 48.90 on January 1, which has now risen by about 105 per cent to Rs 100.15. In this way, DB Realty has given a multibagger return of 105 percent in the year 2022 so far. On the other hand, if we talk about the last one year, during this time the price of this stock has increased from Rs 25.25 to Rs 100.15 and has given 296.63 percent or nearly four times return to its investors.
Rakesh Jhunjhunwala’s stake in DB Realty
As per the shareholding pattern of DB Realty till December 2021, Rakesh Jhunjhunwala has invested in this company through his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala has 50 lakh shares or about 2.06 percent stake in this company.
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