Hot Pursuit     10-Sep-12
D B Realty slides on profit booking
D B Realty fell 1.88% to Rs 73 at 14:54 IST on BSE, with the stock sliding on profit booking after 2-day 6.74% rally.

Meanwhile, the BSE Sensex was up 17.13 points or 0.1% to 17,766.78.

On BSE, 39,000 shares were traded in the counter as against average daily volume of 18,570 shares in the past one quarter.

The stock hit a high of Rs 76 and a low of Rs 73 so far during the day. The stock had hit a record low of Rs 45.05 on 22 December 2011. The stock had hit a 52-week high of Rs 102.50 on 22 February 2012.

The stock had underperformed the market over the past one month till 8 September 2012, falling 5.28% compared with the Sensex's 0.85% rise. The scrip had also underperformed the market in past one quarter, tumbling 17.06% as against Sensex's 6.17% rise.

The real estate developer has equity capital of Rs 243.26 crore. Face value per share is Rs 10.

Shares of D B Realty surged 6.74% in two trading sessions to settle at Rs 74.40 on Saturday, 8 September 2012, from a recent low of Rs 69.70 on 6 September 2012.

D B Realty reported consolidated net loss of Rs 2.08 crore in Q1 June 2012, compared with net profit of Rs 41.14 crore in Q1 June 2011. Net sales declined 61.7% to Rs 84.92 crore in Q1 June 2012 over Q1 June 2011.

D B Realty is a real estate developer in India. The company's expanding portfolio consists of 70 million square feet (sq ft) of property. Most of the company's projects are based in and around Mumbai, and are under various stages of planning and construction.

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