Stock market analysts have suggested investors to sell Unitech stock as there are full chances of a downward trend in this stock.

Today, the stock opened weak at Rs 122, against its last closure at Rs 127.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 6.06 and 19.64 respectively. The share price has seen a 52-week high of Rs 546.80 and a low of Rs 126 on BSE.

Stock analysts also suggested that if the stock fell below Rs 113, it may see more weakness. So the investors must sell the stock with a stop loss above Rs 126 to achieve a target that lies between Rs 118 and Rs 115.

Real estate major Ambuja Realty is all set to make entry into boutique hotel segment in coming two fiscals in West Bengal.

According to the sources, under the proposed plans, the company would be constructing six boutique hotels at different tourists locations in West Bengal.

While lecturing on the plans, Mr. Harsh Neotia, chairman of Ambuja Realty stated, “We will come up with five to six resorts in tourist destinations in the state and also a few city properties in the boutique hotel category.”

“We will expand to other parts of India and abroad after two or three years once the brand is established,” he added.

Technical analyst Ashwani Gujral has maintained ‘buy’ rating on Housing Development and Infrastructure Limited (HDIL) stock with a short term target of Rs 415.

According to him, interested investors can purchase the stock above Rs 308 with a strict stop loss of Rs 275.

Today (Sep 04), the company’s shares opened at Rs 323.90 on the Bombay Stock Exchange (BSE), as against its last closure at Rs 325.85 on Monday (Sep 02). Current EPS & P/E ratio stood at 55.38 and 5.62 respectively. The share price has seen a 52-week high of Rs 1116.96 and a low of Rs 254.67 on BSE.

Stock market analyst Ashwani Gujral has maintained ‘buy’ rating on Orbit Corporation Limited stock with a short term of Rs 380 in 3-4 weeks.

According to Mr. Gujral, interested investors can purchase the stock above Rs 280 with a strict stop loss of Rs 250. If the stock market remains positive in the coming days, the stock pricing becomes more attractive, and reach above Rs 425 within the said time period.

Prague  - The real estate developer Orco Property Group SA, which is active in central and eastern Europe, has plunged into the red amid stagnating real estate markets in parts of eastern Europe and the worldwide credit crisis.

The Luxembourg-registered group reported a loss of 14.1 million euros (20.6 million dollars) in the first half of 2008, down from net profit of 55 million (80.7 million dollars) in the same period the previous year.