Hold long positions for Unitech: Kulkarni

Shardul Kulkarni of Angel Broking is of the view that, one can hold on to long positions for Unitech for intraday with a stop loss of Rs 37.5, as the daily chart is quite bullish.

Kulkarni told CNBC-TV18, "In case of intraday trade one can look at going long in case of Unitech but the stock is extremely volatile in nature. A 2-3 percent here and there in a matter of minutes is quite possible in case of Unitech. So anyone who is holding longs can hold on to long positions for Unitech for intraday, the stop loss on lower side for intraday is around Rs 37.5. As of now the daily chart is also quite bullish.

The company's trailing 12-month (TTM) EPS was at Rs 0.63 per share. (Sep, 2012). The stock's price-to-earnings (P/E) ratio was 59.37. The latest book value of the company is Rs 36.84 per share. At current value, the price-to-book value of the company was 1.02.