May 30, 2013, 08.26 PM | Source: CNBC-TV18
Rajesh Agarwal, Head of Research at Eastern Financiers advised exiting Unitech. “They have a debt of around Rs 5000 crore which would be very difficult to service,” he reasoned.
Rajesh Agarwal (more)
, Aum Capital | Capital Expertise: Equity - Fundamental
“There are whole lot of issues associated with these companies be of corporate government, high inventory, high manufacturing cost or high debt. Even if you talk of Unitech , they have a debt of around Rs 5000 crore which would be very difficult to service. It is better to get out of the stock as soon as possible,” Agarwal said.
According to a latest operational update, Unitech
Gurgaon-based developer had posted a net loss of R
The Delhi High Court has granted an opportunity to