Nov 23, 2011, 02.34 PM | Source: Moneycontrol.com
DB Realty, Reliance Communications and Unitech rallied sharply after the Supreme Court granted bail to five corporates accused in 2G case.
Managing director of Unitech, Sanjay Chandra and DB Realty's Vinod Goenka, and Anil Dhirubhai Ambani group's top executives Gautam Doshi, Hari Nair and Surendra Pipara were granted bail today.
Each corporate will file two sureties of Rs 5 lakh each.
DB Realty shot up 20% on huge volumes (it lost 81% in the last one year). Reliance Communications gained 5% at Rs 73.45 (it lost 51% in the last one year) and Unitech rose 8% to Rs 24.10 (it lost 65% in the last one year).
However, DB Group promoter Shahid Usman Balwa has not got bail as it was not scheduled for today.