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DB Realty shares surge for second day

Extending its gains for the second day, shares of DB Realty today jumped nearly 20 per cent on the Bombay Stock Exchange.

twitter-logoPTI | March 30, 2011 | Updated 15:18 IST

Extending its gains for the second day, shares of DB Realty today jumped nearly 20 per cent on the Bombay Stock Exchange.

The scrip surged by 19.63 per cent to touch a high of Rs 119.40 on the BSE. It had opened at Rs 117.20, as against yesterday's closing price of Rs 99.80.

In a similar fashion, shares of the realty firm shot up by 20.02 per cent on the National Stock Exchange to Rs 119.90.

They were later quoting at Rs 117.45 apiece at 13:22 hrs.

The counter has gone up by over 40 per cent in the last two trading sessions.

The company's stocks have been trading at low levels in recent weeks and touched an all-time low on Tuesday.

Yesterday, CBI arrested two senior officials of DB Realty, including Asif Balwa, the younger brother of the former Managing Director of the company, Shahid Balwa, who has already been arrested by the CBI.

However, DB Realty said the company supported them fully and the arrested executives had done nothing illegal.

In terms of volumes, 30.40 lakh shares of the company got traded on the BSE, while 71.03 lakh changed hands on the NSE.

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