Unitech’s Support Level at Rs 550

Rahul MohindarUnitech said that ‘Unitech’ has support at Rs 550.

Mr. Mohindar said: “Real estate and infrastructure these are –these are spaces that we linked. On declines we are looking at buying opportunities. We have been commending Unitech for some time, Rs 620-650. Those are the medium term and long term targets respectively. I think the intra-day correction that we have seen today is really an opportunity to buy. There is very big support at about Rs 550 for this stock. So, Unitech would be one, which we will pick in real estate.”

In March 1979, Unitech was founded in the start of the information revolution to provide microprocessor-based solutions in the arena of automation services and products.

For the last 28 years, Unitech has strived to attain the highest possible level of satisfaction for its customers. Presently, Unitech has two major types of business, which include high-tech products channel distribution; and design, manufacturing, and marketing auto data capture products.