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DB Realty, Unitech, RCom share prices rise

DB Realty, Unitech, RCom share prices rise

DB Realty shot up 20 per cent, Reliance Communications gained 5 per cent and Unitech rose 8 per cent.

New Delhi: DB Realty, Reliance Communications and Unitech rallied sharply after the Supreme Court granted bail to five corporates accused in 2G case.

Ex-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 on Wednesday.

Each corporate will file two sureties of Rs 5 lakh each.

DB Realty shot up 20 per cent on huge volumes (it lost 81 per cent in the last one year). Reliance Communications gained 5 per cent at Rs 73.45 (it lost 51 per cent in the last one year) and Unitech rose 8 per cent to Rs 24.10 (it lost 65 per cent in the last one year).

However, DB Group promoter Shahid Usman Balwa has not got bail as it was not scheduled for on Wednesday.

first published:November 23, 2011, 11:28 IST