Intraday Buy Call For DB Realty
Technical analyst Anil Singhvi has maintained 'buy' rating on DB Realty Limited stock with an intraday target of Rs 330.
According to analyst, the investors can buy the stock with stop loss of Rs 307.
The stock of the company, on November 23, closed at Rs 312 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 540.10 and a low of Rs 291.55 on BSE.
For the three month period ended September 30, D B Realty's consolidated net profit grew 3.66 times to Rs 1,201.080 million as against Rs 327.790 million for the the same period of 2009.
Company's total income grew by 27.13% to Rs 3,556.519 million for the three month period ended September 30 as against Rs 2,797.624 million for the quarter ended September 2009.
On standalone basis, the company's net profit surged 3.16 times to Rs 1,500.176 million for the three month period ended September 2010 as against Rs 473.722 million in the like period of 2009.
Total income of the company surged from Rs 782.548 million for July-September period September 30, 2009 to Rs 1,690.386 million for the period under review.