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DB Realty ends lower, board gives nod to raise Rs 2,000 crore via QIP

DB Realty’s board of directors gave their nod for raising of funds via the QIP route ....

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Jhunjhunwala-backed DB Realty shares surged 10% to hit one-year high level; details here

DB Realty share price: Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, owns a stake in the realty firm. At the end of September 2023 quarter, she held 1 crore shares or a 1.99 per cent stake in the company.
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DB Realty shares surge 3.4% on promoter stake sale, eyes debt-free status

D B Realty s promoter group has sold 1.46 crore shares, generating ₹301 crore. A significant portion of the proceeds has been reinvested into the company, enabling it to retire its entire debt by November 2023. ....

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rekha jhunjhunwala portfolio: Rekha Jhunjhunwala raises stake in multibagger smallcap, exits these 2 stocks

As per the shareholding data available on the BSE, Rekha Jhunjhunwala has reduced the stake in D B Realty to 1.21% in July in multiple tranches but took it to 3.37% on September 13, and finally reduced it to 1.99% at the end of the month ....

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Multibagger: Rekha Jhunjhunwala-backed DB Realty shares rallied over 40% last week. Should you it at buy current levels?

Analysts say investors should wait and watch for some correction before any fresh buying, despite promising prospects for the long term. "They have got prime properties and the market is expecting some kind of monetisation, which is one of the reasons why the stock has spiked. But when will that happen and what is the modus operandi, we have to wait and see," said Avinash Gorakshakar of Profitmart Securities. ....

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