This small cap stock owned by late investor Rakesh Jhunjhunwala rose up to 7% after the company raised Rs. 1544 crore by way of preferential issue. It also partnered with Adani, Godrej and Prestige in the last one year.

Share price of DB Realty closed at Rs. 171.25 per share in the Monday market. It surged almost 7% and reached its 52- week high of Rs. 174.40 per share. The stock gained 21.79% in the last one month and gave a multibagger return of 151.68% in the last six months

As per the list of investors, Mrs. Rekha Rakesh Jhunjhunwala who owned an existing 1.42% stake in the company received an additional stake of 2%, 1 crore equity shares under her name and another 2% under RARE Investments, Pinnacle Investments received a total of 17.94%, 9 crore equity shares on fully diluted basis on conversion.

In the last one year, the company has partnered with large real estate developers including s Adani Good Homes Private Limited, Godrej Residency Private Limited and Prestige Group entities.

Comparing the company’s financials on a QoQ basis, it recorded a reduction of 95.8% from Rs. 58.35 crore in Q4FY23 to Rs. 2.43 crore in Q1FY24. Its net loss of Rs. 51.62 crore in Q4FY23 reduced to Rs. 22.55 crore in Q1FY24. It has a return of equity of 5.3%

D B Realty is involved in the real estate business based in India which comes under the DB Group. It offers its expertise in residential, commercial, retail and other big projects. The company was established in 2007 and engages high end contractors and architects to work on their projects.

Written by Bhumika Khandelwal


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