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Last Updated : Sep 25, 2013 04:51 PM IST | Source: CNBC-TV18

Unitech may test Rs 18.60: Manoj Murlidharan

Manoj Murlidharan of IIFL is of the view that Unitech may touch Rs 18.60.

Manoj Murlidharan of IIFL told CNBC-TV18, "The best stock would be Unitech at this point of time which is at Rs 16.60, it can give a target of Rs 18.60 that is 10 percent in one day's trade, followed with Shree Renuka Sugars which is at Rs 17.80."

"There is good distribution that might happen only at Rs 172 levels in Reliance Communications (RComm) which is at Rs 159 . An expiry of Rs 11 odd tomorrow is very much possible in that," he said.

On September 25, Unitech closed at Rs 16.65, down Rs 0.05, or 0.30 percent.

The share touched its 52-week high Rs 40.90 and 52-week low Rs 14.65 on 15 January, 2013 and 06 August, 2013, respectively.

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First Published on Sep 25, 2013 04:51 pm
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