Money on the markets

A maturing market amid the mayhem

Bad day for realty, Unitech falls over 5 pct

November 12, 2009

Shares in Unitech, one of India’s leading realty firms, dropped over 5 percent on Thursday as the broader market ended down over 150 points.

Only three stocks in the realty index closed in the green, with Parsvanath and Unitech ending as top losers with an over 5 percent fall each.

Top listed realty firm DLF was also under pressure and fell 3.4 percent. Both DLF and Unitech were among top traded counters on BSE.

Would you invest in this sector now?

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •