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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.

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First Published on Aug 27, 2015 02:46 pm
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