hey baby its looks that you may had some personal revenge against unitech.

i tell you facts,

companys eps ( earning per share ) is still 8 rs. it is trading at value of less than3 pe. which is much below the valuation it was holding a year back at pe of greater than 50.

no doubt company has divided one share in approximately 130 shares,but at time unitech having a face value of 100 rs.shares were closed most days of year in a upper circuit.to increase the total number of shares for better trading scenario it was split.at that time company is earning profit in terms of few lakhs only so at that time company is trading at valuation far more than present scenario when unitech is earning more that 100 of crores per quarters,

no doubt real estate is witnessing some slow down. some credit crunch.
but open eyes. see proportionately real estate prices all over india likely to go down 25 to 30 percent at the most thats acceptable but stock price has crashed from 500 t0 25 (20 times) decrease.fact is also visible is companys quaterly results which is showing around 20 to 30 percent decline in net profits which is surely acceptable looking at the extent of slowdown

comapny is not going into losses still earning greater than 200 crores of profit per quarter definately not looking bankrupt and you yourself telling company getting very good valuation for its telecom project in terms of thousands of crores how can you think that indias second largest real estate company is going to bankrupt that soon, if this slow down continues for another 3 to 5 years than some problem may start to alive which it dont look like in case of india

believe market crashed from 21000 to 8000 drop of 3 times
unitech drops from from 500 to 25 drop of 20 times

this data is much disproportionate considering companys balance sheet
past history presence in nifty and sensex

buy buy buy buy buy buy buy
its golden time
those who dont buy in bulk considering slowing down real estate sector and slow growth is associated with each and every sector from banking to infrastructure,will fill left out on rallies
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I have no reason to dislike this stock or for that matter any other except where promoters have taken the investors for a ride in IPOs like Reliance Power. As far as Unitech is concerned, it is a big player, perhaps over leveraged in the current market condtions. Further today there is no reason for realty stocks to demand higher than book value. Unitech`s book value on 31.03.08 is 20 rupees and must have come down further. I know PN Vijay has talked positively about this stock, but analysts and advisores on CNBC and other cahnnels have made investors go bankrupt. One needs to do on`s homework, particularly in current market conditions. rpgarga...