According to SP Tulsian of sptulsian.com, one may remain invested in Unitech and look for a level of Rs 22.50-23 with a near-term view of about couple of months.
SP Tulsian of sptulsian.com told CNBC-TV18, "I will advice to remain invested in Unitech. Considering the recent move of Reserve Bank of India (RBI), we have been seeing weakness in all the real estate stocks. I have been holding my positive view on all the real estate stocks whether one talks of Housing Development and Infrastructure (HDIL), Indiabulls Real Estate, and Unitech to name a few of them."
"I will advice to look for a level of Rs 22.50-23 if one has a near-term view of about couple of months and if one has a longer term view of about maybe six months then look for a target of maybe Rs 25-26," he added.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.