Hold Unitech With Stop Loss Of Rs 65

Hold Unitech With Stop Loss Of Rs 65Stock market analyst Ashwani Gujral is of the view that investors can 'hold' Unitech Ltd stock with a stop loss of Rs 65.

According to Mr. Gujral, the investors can exit the stock on rally to around Rs 90

Today, the stock opened at Rs 72.20 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 118.35 and a low of Rs 66.90 on BSE.

Current EPS & P/E ratio stood at 3.31 and 21.51 respectively.

In a major announcement, Unitech Ltd declared that a meeting of the company's directors will take place on May 28, 2010, interalia, to consider and sanction the Audited Financial Results for the fiscal ended on March 31, 2010 and announced dividend, if any, for the said period.

Unitech Ltd sold property worth Rs 70.33 billion in 2009-10 owing to a revivification in housing demand.

Unitech Ltd also said that it turned a major player in all four metropolitans.

Out of the total sales booked, about Rs 50 billion came from housing, whereas the non-residential section contributed Rs 20.56 billion to the total sales.