Technical analyst Ashwani Gujral has suggested that Unitech can be purchased below Rs 428 with a stop loss of Rs 380. This is a delivery based call for a short term target of Rs 550.

Unitech Group is one of the major township planning and real estate development companies in India. The robust plans of Unitech Builder to make 4,000 top-of- the-line apartments priced at Rs 2 crore (Rs 20 million) each in the coming quarters can help the company to show decent number in coming quarters.

At National Stock Exchange, the stock has touched 52-week high of Rs 454.25 and a low of Rs.93.

Based on current price, the stock is trading at a P/E of 54.16 with earnings per share of Rs.7.92.

The management of the company is having innovative plans for future positive growth of the company.