Rakesh Jhunjhunwala Holdings: The shares of DB Realty, a realty sector company, were constantly feeling upper circuit since January 28. However, for the last 5 trading sessions, it is being seen continuously touching the lower circuit. This stock, which gave multibagger returns in the last one year, opened with a fall of 5 per cent on the NSE on Friday and was trading at Rs 107.80 at the time of writing the news. The stock has lost more than 17 per cent in the last five days.
What should investors do now?
Stock market veteran Rakesh Jhunjhunwala has also invested in the shares of DB Realty. According to stock market experts, strong support is visible in this stock near Rs 100 on the chart. He said long term investors should hold the stock by putting a stop loss of less than Rs 100. At the same time, he advised new positional investors to avoid fresh purchases till the stock stabilizes.
DB Realty share price history
The share price of DB Realty had touched Rs 134.05 on February 14, its 52-week high. Since then, its shares are being seen continuously lower circuit and on Friday, February 18, it was trading at Rs 107.80. As mentioned above, the stock has lost 17 per cent in the last 5 days. However, before this, there was a great rally in this stock invested by Rakesh Jhunjhunwala.
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Despite the sharp fall in the last 5 days, the return of this stock has been around 45 percent in the last one month. At the same time, since the beginning of 2022, this stock has given a multibagger return of 120.45 percent to its investors. Talking about the last one year, during this time the price of its shares has increased from Rs 21.10 to Rs 107.80 and during this it has given a bumper return of 410 per cent to its investors.
Rakesh Jhunjhunwala Investments
As per the shareholding pattern till December quarter, Rakesh Jhunjhunwala holds 5 million shares or about 2.06 per cent stake in DB Realty. DB Realty is a Mumbai headquartered realty company, which works on residential, commercial, retail and other projects.