Shares of this small-cap construction company hit 5% upper circuit in morning trade!
As per the exchange filing, the company’s net revenue grew to Rs 622.7 crore from Rs 8.03 crore in the corresponding quarter last year.
The shares of DB Realty Ltd are buzzing on the bourses today. Around 9.40 am, the shares of the company hit the upper circuit of Rs 69.15. Post this, the trading activity came to a halt. Even in the pre-opening session today, the shares of DB Realty were trading higher by 4.02%. Owing to the share price rally, the stock is one of the top gainers on the BSE from Group A.
Meanwhile, as of 10.52 am, the frontline index S&P BSE Sensex is up by 0.59%.
Looking at the recent announcements, the company reported its Q3FY23 results on Tuesday. As per the exchange filing, the company’s net revenue grew to Rs 622.7 crore from Rs 8.03 crore in the corresponding quarter last year. However, owing to a steeper growth in expenses, the company incurred a net loss of Rs 620 crore.
The company is currently trading at a TTM PE of 4.84x, as against the industry PE of 73.9x. In FY22, the company delivered an ROE & ROCE of 2% and 10% respectively. The company is a constituent of Group A stocks and commands a market capitalization of Rs 2,365.34 crore.
Share price movements of DB Realty
Today, the scrip of DB Realty opened at Rs 68.55 and has touched a high and low of Rs 69.15 and Rs 67.90, respectively. Today, 27,878 shares have been traded on the bourses. The stock has a 52-week high & low of Rs 139.45 and Rs 52.10 respectively on BSE.
About the company
DB Realty Ltd is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai. The company’s residential portfolio currently covers projects catering to customers across all income groups. In the commercial portfolio, they build and sell customized office space as per the requirements of buyers. Their retail portfolio includes the development of shops in selected locations.
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