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Realty stocks struggle, Unitech falls 10.6 pct


Shares in Unitech, one of India’s leading real estate firm, fell 10.6 percent on Tuesday to close at 43.05 rupees. The stock ended as the top loser in the BSE Realty Index.

Rival DLF shares ended 1.4 pct lower. DLF said it was cautious on the near-term outlook as rising interest rates could weigh on demand after the firm reported a marginal drop in quarterly earnings.

The BSE Realty Index lost more than 4 percent to end as the top sectoral loser.

Unitech shares have falled 35 percent in 2011. Do you think it is time to invest in this stock?