Stock market analyst Hitesh Eidnani of Trend Tech Consultants is of the view that investors can buy Unitech Ltd stock with target of Rs 110 in 2-3 trading sessions.

According to analyst, the interested investors can buy the stock with stop loss of Rs 79.

Today, the stock of the company opened at Rs 84 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 66.95 on BSE.

Current EPS & P/E ratio stood at 2.72 and 31.26 respectively.

The stock holders of the company have approved the decisions with essential majority sanctioning the plan of arrangement among Unitech Holdings Ltd, Aditya Properties Pvt. Ltd, Unitech Ltd and Unitech Infra Ltd.

In the three month period ended June 30, the realty major has sold properties valued at Rs 12.99 billion.

The report showed that more than 3 mn sq ft (of area) had sold in April-June period and total value of sales bookings stood at 13 billion.

The company had sold 16.6 mn sq ft of area worth Rs 70.33 billion during the last financial year.