SENSEX NIFTY
Nov 29, 2012, 10.40 AM IST | Source: CNBC-TV18

Unitech can move to Rs 35-38: Baliga

Ambareesh Baliga, Independent Analyst is of the view that Unitech can move to Rs 35-38.

Ambareesh Baliga, Independent Analyst is of the view that Unitech can move to Rs 35-38.

Baliga told CNBC-TV18, "In Unitech and DLF the momentum is there, we saw a good move in Unitech. It is expected that it could move to levels of closer to Rs 35-38. Fundamentally, we are not that positive but surely from a trader’s angle you can buy Unitech for the time being."
 
He further added, " DLF with that expected sale of Aman Resorts, which should be a booster for them at least for the time being. So the stock can go to levels of closer to about Rs 220-225."

"Few of NBFC's moved up on expectation of the banking license. So I think banking license is still some time away looking at the mood at Reserve Bank of India. So after the move which we have seen especially L&T Finance Holdings it is time to wait out for a while, but closer to levels of Rs 62-64 one should again look at buying back."


 

Set email alert for

ADS BY GOOGLE

video of the day

See 20-30% growth for Indian mkt over few years: Mobius

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.