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."


 

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