JPMorgan upgrades Unitech to overweight; target Rs 60

Unitech touched an intraday high of Rs 37.85 and an intraday low of Rs 37.25. At 09:30 hrs the share was quoting at Rs 37.80, up Rs 0.85, or 2.30%. JPMorgan has upgraded company's rating to overweight and increase target price to Rs 60 from Rs 45, reports CNBC-TV18.

March 24, 2011 / 09:39 IST

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Unitech touched an intraday high of Rs 37.85 and an intraday low of Rs 37.25. At 09:30 hrs the share was quoting at Rs 37.80, up Rs 0.85, or 2.30%.

JPMorgan has upgraded company's rating to overweight and increase target price to Rs 60 from Rs 45. The land value estimated at least Rs 62 per share. The company is yet to receive cash flows worth Rs 3000 crore from pre-sales, reports CNBC-TV18.

It was trading with volumes of 2,319,474 shares. In the previous trading session, the share closed up 1.37% or Rs 0.50 at Rs 36.95.

Share Price Movement During The Last 12 Months
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 36.10 37.80 1.70 4.71
5-Days 37.90 37.80 -0.10 -0.26
7-Days 38.35 37.80 -0.55 -1.43
15-Days 36.20 37.80 1.60 4.42
1-Month 35.20 37.80 2.60 7.39
3-Month 62.95 37.80 -25.15 -39.95
6-Month 82.70 37.80 -44.90 -54.29
9-Month 76.00 37.80 -38.20 -50.26
1-Year 71.90 37.80 -34.10 -47.43

first published: Mar 24, 2011 09:37 am

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Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	36.10	37.80	1.70	4.71
5-Days	37.90	37.80	-0.10	-0.26
7-Days	38.35	37.80	-0.55	-1.43
15-Days	36.20	37.80	1.60	4.42
1-Month	35.20	37.80	2.60	7.39
3-Month	62.95	37.80	-25.15	-39.95
6-Month	82.70	37.80	-44.90	-54.29
9-Month	76.00	37.80	-38.20	-50.26
1-Year	71.90	37.80	-34.10	-47.43

JPMorgan upgrades Unitech to overweight; target Rs 60

Unitech touched an intraday high of Rs 37.85 and an intraday low of Rs 37.25. At 09:30 hrs the share was quoting at Rs 37.80, up Rs 0.85, or 2.30%. JPMorgan has upgraded company's rating to overweight and increase target price to Rs 60 from Rs 45, reports CNBC-TV18.

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