Unitech may test Rs 36: SP Tulsian

Unitech may test Rs 36, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "Unitech was the only stock which has not participated among the real estate sector inspite  of having huge land bank and the two primary reasons were; one, the litigations in Uninor matter with Telenor and  second is the non-monetization of the assets. Now that Telenor issue is already behind them, so the next logical move  for them is to monetize many of the assets."
He further added, "This is the only company which has significant special economic zones (SEZ) presence whether in  Kolkata or in the northern space and all that. So now if any kind of monetization starts happening maybe a token amount  of about Rs 400-500 crore also, that will be seen positive. But the kind of run up which we have seen and if you take a  relative valuation with other real estate stocks inspite of having seen a huge run up, I will cap the rally in Unitech maybe  at about Rs 36 or so."