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DLF, Unitech shares bounce back

November 4, 2009

Shares in Unitech, India’s leading real estate firm, gained over 10 percent on NSE after its shares suffered major losses on Tuesday as markets dropped sharply.

The 50-share Nifty index gained over 3 percent on Wednesday to close above the 4,700 mark led by gains in stocks like Reliance Industries, ICICI and Infosys.

Unitech ended as the top Nifty gainer and was the second most traded stock on NSE.

DLF also staged a smart recovery and ended with gains of 8.7 percent on NSE. Both Unitech and DLF had lost over 9 percent on Tuesday as realty stocks dropped sharply.

Seeing these stocks bounce back from Tuesday’s losses, would you invest in them? Or do other sectors look more favourable?

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