Stock market analyst Pradeep Surekha is of the view that investors can buy Unitech stock to achieve an intraday target between Rs 89-92.

According to him, investors can purchase the stock with a strict stop loss of Rs 79.

The stock of the company, on April 20, closed at Rs 83.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 118.35 and a low of Rs 43.45 on BSE.

Current EPS & P/E ratio stood at 3.31 and 25.76 respectively.

The company is now making healthy efforts to swell its market share, build up its business, shapes its asset quality and put more pressure on client service in order to expand its profile and fight growing rivalry.

The company is planning to merge arms Aditya Prop and Unitech Holdings with company. They are going to demerge its infrastructure and telecom operations into a separate company. The company has okayed a 1:1 swap ratio for the demerged operations.

Real estate major Unitech Ltd, on April 20, declared that demerger of its infrastructure operations, comprising the telecommunication business, into a novel unit to open up the importance of none-core business segments.

A company representative said that the aim is to unlock the worth of non-core business segments, and monetize it.

Moreover, Unitech decides to finally list the new demerged unit -- Unitech Infra -- on bourses.

The company's directors sanctioned the swap ratio of 1:1, which means that the subsisting stockholders of the company would get equal number of shares having face value worth Rs 2 each of Unitech Infra Ltd.