Moneycontrol Be a Pro
Get App
Last Updated : Aug 27, 2015 04:06 PM IST | Source: CNBC-TV18

Avoid Unitech, prefer Siemens: Hemen Kapadia

According to Hemen Kapadia of KRChoksey Securities, one may avoid Unitech and pick Siemens.


Hemen Kapadia of KRChoksey Securities told CNBC-TV18, "Unitech is a total avoid. There is absolutely no sense in buying something like this. We were at a high of Rs 540 in 2008. We are on a long-term downtrend, progressively lower tops and bottoms. Stock is just about posted a 9-10 year low. I think it would be better to bet on horses than to invest in Unitech. One has to go for fundamentally sound stocks. It is a complete avoid. I would suggest buy something like a Siemens on declines from a longer term point of view, not Unitech."

At 14:41 hrs Unitech was quoting at Rs 6.26, up Rs 0.29, or 4.86 percent on the BSE.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 27, 2015 02:46 pm
Loading...
Sections
Follow us on
Available On