DB Realty zooms up 20%

Within seconds of the verdict on the 2G scam coming in, DB Realty zoomed up like a rocket to hit the 20% UC at Rs.43.70, clocking some phenomenal volumes of almost 9 times in minutes.

All the 19 accused in the scam were acquitted, including Shahid Balwa and Vinod Goenka were freed of all charges.

It also freed Essar Group promoters Ravi Kant Ruia and Anshuman Ruia of the charges.

Today morning, our Editor, Mr.SP Tulsian had said that if the promoter are not convicted or imprisoned, the stock price can rise 25% within a month. Well, his words proved prophetic and target almost met today itself!