See lower levels in DB Realty, Unitech: Baliga

See lower levels in DB Realty and Unitech, says Ambareesh Baliga, Independent Analyst.

Baliga told CNBC-TV18, "You will still see DB Realty and Unitech going further down because lot of speculative interest had built up especially in DB Realty after the investor picked up stock at Rs 100-110 levels. However, corporate governance issue is the biggest issue for both these stocks as well as the number of midcaps where you could still see pressure going ahead."
At 10:40 hrs Unitech was quoting at Rs 29.50, up Rs 0.75, or 2.61%. It has touched an intraday high of Rs 29.80 and an intraday low of Rs 28.10.
The share touched its 52-week high Rs 40.90 and 52-week low Rs 18.80 on 15 January, 2013 and 04 September, 2012, respectively. Currently, it is trading 27.87% below its 52-week high and 56.91% above its 52-week low. Market capitalisation stands at Rs 7,718.09 crore.