DB Realty hits upper circuit despite IT raids at its premises

The Income Tax department conducts search and seizure operations at the premises of the company and key managerial personnel from October 7, 2021, up to October 12.

Oct 14, 2021 11:10 IST India Infoline News Service

DB Realty Limited informed the exchanges that Income Tax authorities carried out search and seizure operations at the premises of the company and key managerial personnel from October 7, 2021, up to October 12.

“The company will update the stack exchanges in case of any material development in this regard,” the company said in a filing on Wednesday.

At around 11.18 am, DB Realty Ltd was trading at Rs39 per piece up by Rs1.85 or 4.98% from its previous closing of Rs37.15 per piece on the BSE.
The scrip opened at Rs39 and has touched a 5% upper brand and new high of Rs39 per piece on the NSE.

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