Unitech can move to Rs 37: Anil Manghnani

Unitech can move to Rs 37, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "When you look at the sectoral chart the unfortunate part is it is so heavily favoured weightage-wise in DLF and Unitech that even though the sectoral chart looks like it has sort of bottomed out and now trying to make an upmove, there are very limited choices." He further added, "But from a trading point, again not my favourite, but the way Unitech has behaved over the last couple of days suggests lot of trading interest, lot of volumes, huge positions in F&O. So I think that probably would be one of the trading favourites, which would probably head to about Rs 37 in this move, maybe further eventually but I think this move should go around there and then I think some of the other ones like Anand Raj and all which have been doing well, I think will continue to do well."