Rakesh Jhunjhunwala Portfolio After hitting the lower circuit in the morning trades, shares of multibagger stock DB Realty have now entered the upper circuit. DB Realty share price today opened lower than yesterday’s close and moved to intraday low 92.30 on NSE, lower circuit in the opening bell session. However, the stock soon found buyers which was enough to move north at its intraday high. 101.95 each level is hitting the upper circuit today.
As per the information available on the BSE website, DB Realty Share Price This can be attributed to the uptick in volumes of DB Realty shares by 1.78 times after they hit the lower circuit. it Rakesh Jhunjhunwala Portfolio The stock had hit the lower circuit in Thursday’s session as well.
Speaking on DB Realty Shares; Mehul Kothari, AVP, Technical Research, Anand Rathi Shares & Stock Brokers said, 37 each level to At 135 per share level, this multibagger stock has entered a corrective mode, which is still not over. The stock is likely to decline during this mode 85 points, which is its previous swing low, will be a turning point for investors. Since the stock has a circuit to circuit nature; Traders should avoid this. on the upside; DB Realty is placed at resistance for the stock 110 and above may resume bullish.”
Shares of DB Realty are one of the multibagger stocks in 2022 as this stock of Rakesh Jhunjhunwala has risen almost 110 per cent in YTD time while it has given more than 350 per cent return to its shareholders in last one year.
Rakesh Jhunjhunwala’s stake in DB Realty
As per the shareholding pattern of DB Realty for Q3 FY2021-22, Rakesh Jhunjhunwala holds 50 lakh shares or 2.06 per cent stake in the company. However, this shareholding is in the name of his wife Rekha Jhunjhunwala. The shareholding pattern of DB Realty for Q4 FY2021-22 is still awaited.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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