Hold Unitech

Hold UnitechTechnical analyst Mehraboon Iran of Centrum Broking is bullish on Unitech and maintained 'hold' rating on the stock to achieve a target above Rs 98.

Stock analyst also suggested investors to sell the stock after achieving the said target.

Today, the shares of the company opened at Rs 83.30 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 25.29 respectively.

Unitech Ltd on april 27 announced that it sold properties worth Rs 7,033 crore in 2009-10 on the back of a revivification in housing demand, mainly in the affordable sector

In a presentation to investors, Unitech said that turned a major player in all four metropolitans.

Previously, Unitech had a major presence in the national capital region (NCR).

Unitech Ltd on April 20 declared demerger of its infrastructure functioning, comprising the telecommunication biz, into a new unit to unchain the value of none-core business segments.