Unitech may break Rs 20 mark: Kotak

Unitech may break Rs 20 level from the current side, says Kamlesh Kotak, Vice President - Research Asian Markets Securities Private Limited.

Kotak told CNBC-TV18, "Unitech is making risk pattern, technically mired by the weak outlook for the real-estate business. Company is heavily burdened by that in the rising interest scenario. Its telecom joint-venture also is facing headwinds in terms of 2G related scam probes. So we see the stock is breaking to a level of Rs 20 from the current side."