PSU Banks hold back loans to DB Realty; stock up

DB Realty touched an intraday high of Rs 115.40 and an intraday low of Rs 111.10. At 12:03 hrs the share was quoting at Rs 113, up Rs 2.15, or 1.94% on the NSE.

PSU Banks hold back loans to DB Realty worth Rs 1,200 crore, reports CNBC-TV18, quoting sources. The company is accessing capital from private banks. The company will put on hold all project launches till September.

According to sources, the execution in current projects is a key focus of the company at the moment. DB Realty management met all project construction heads recently. It said that there is no cancellation of bookings yet. The company will chart the future course of action post March.

DB Realty said that the charge sheet against Shahid Balwa will be filed on March 31.

It was trading with volumes of 200,996 shares. In the previous trading session, the share closed down 3.61% or Rs 4.15 at Rs 110.85.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	116.65	113.00	-3.65	-3.13
5-Days	109.10	113.00	3.90	3.57
7-Days	108.85	113.00	4.15	3.81
15-Days	109.55	113.00	3.45	3.15
1-Month	137.75	113.00	-24.75	-17.97
3-Month	193.80	113.00	-80.80	-41.69
6-Month	442.30	113.00	-329.30	-74.45
9-Month	392.55	113.00	-279.55	-71.21
1-Year	455.25	113.00	-342.25	-75.18