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Unitech shares jump more than 9 pct

February 16, 2011

Shares in Unitech, one of India’s leading real estate firms, rose 9.3 percent to close at 38.2 rupees, after a sell-off amid allegations that the firm was among those who were favoured in 2G licence grants in 2008.

On Tuesday, the CBI questioned Unitech’s MD as part of a probe into the alleged telecoms corruption scandal.

In 2011, shares in Unitech have slumped over 42 percent. Do you think it is the right time to invest in this counter?

Comments

This a great news for those holding the stock…also giving Unitech a re-entry position. Yesterday the company has announced the launch new project which will further help the company to boost its cash flow

Posted by amit_mal | Report as abusive
 

The stock will see more such spurts. Strongly recommended by HSBC and Religare.

Posted by bdeepti | Report as abusive
 

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