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Unitech shares jump more than 9 pct
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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?
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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
The stock will see more such spurts. Strongly recommended by HSBC and Religare.