A maturing market amid the mayhem
Unitech shares jump more than 9 pct
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?