Avoid Unitech, suggests Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "Unitech might be as low as Rs 4.35 which is what we are expecting. The best advice or best suggestion I can make at this point of time is to avoid this stock. Do not get into any trade, not only because in ban, because you are seeing the valuation and the multiple at which it might sink to a Rs 4.35. That is not really worth the risk reward you can get into if you are going long in that."

At 10:31 hrs Unitech was quoting at Rs 7.95, down Rs 0.05, or 0.63 percent. It has touched an intraday high of Rs 8 and an intraday low of Rs 7.83.