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Buy Unitech: Indiabulls Securities
Indiabulls Securities Research has upgraded its rating on Unitech from hold to buy. The research firm believes that the stock has a long-term upside potential, primarily due to the increasing residential sales volume coupled with the company’s comfortable liquidity position.
Indiabulls Securities Research has upgraded its rating on Unitech from hold to buy in its July 01, 2009 report.
"Unitech's stock is currently trading at a 19.8% discount to our NAV of Rs 103. We believe that the stock has a long-term upside potential, primarily due to the increasing residential sales volume coupled with the Company's comfortable liquidity position. Thus, we upgrade our rating from Hold to Buy," says Indiabulls Securities' research report.
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To read the full report click on the attachment.....
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