Saturday, 4 February 2012

DB Realty: no impact due to Supreme Court Verdict; 
DB Realty spokesperson said the following: DB Realty is in the business of real estate development and has no direct or indirect shareholding in Etisalat DB. The promoters of DB Realty in their individual capacity  nvested in Etisalat DB, a company engaged in the telecom business. Both the entities are separate and have nothing to do with each other. This judgment on the cancellation of the 122 licenses will have no bearing or impact on the financials of DB Realty. This matter is for Etisalat DB to comment, as it is not related to DB Realty.
Therefore, buy in Bulk D B Realty Ltd at around Rs.62-63 for a target over Rs.100, within the next 2 months time frame.
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