Unitech shares scale by 7 percent
Bangalore: Unitech (UNITECH) with a gain of 7.07 percent was among the top gainers, on a day when the Sensex ended 498 points in the green. The Unitech stock had opened the day at 
89.60 and went up to reach an intra-day high of 95, but closed slightly lower at 94.60. A total of 16,612,530 Unitech shares were traded through the day and the stock has a P/E ratio of 33.31.
Unitech is a real estate developer in India with its business operations comprising of construction, development of real estate, consultancy and management. Recently, the company announced plans for investing $125 million ( 600 crore) to develop and launch affordable houses under its Uni Homes brands across seven cities in the country. The developer would launch these homes in the price range of 10-30 lakh in Noida, Greater Noida, Chennai, Kolkata, Rewari, Bhopal and Mohali. The 52 week stock price chart is on the left.
Out of the 21 analysts following Unitech, the consensus recommendation is to hold the stock. However, six analysts recommend to sell the stock, while seven analysts predict the stock to outperform. With a total of 6,352,601 shares in its portfolio, DSP BlackRock India T.I.G.E.R. Fund has the highest stake in the Unitech stock.
89.60 and went up to reach an intra-day high of 95, but closed slightly lower at 94.60. A total of 16,612,530 Unitech shares were traded through the day and the stock has a P/E ratio of 33.31.
Unitech is a real estate developer in India with its business operations comprising of construction, development of real estate, consultancy and management. Recently, the company announced plans for investing $125 million ( 600 crore) to develop and launch affordable houses under its Uni Homes brands across seven cities in the country. The developer would launch these homes in the price range of 10-30 lakh in Noida, Greater Noida, Chennai, Kolkata, Rewari, Bhopal and Mohali. The 52 week stock price chart is on the left.
Out of the 21 analysts following Unitech, the consensus recommendation is to hold the stock. However, six analysts recommend to sell the stock, while seven analysts predict the stock to outperform. With a total of 6,352,601 shares in its portfolio, DSP BlackRock India T.I.G.E.R. Fund has the highest stake in the Unitech stock.