Kunal Saraogi - CEO at Equityrush recommends exiting Unitech at the current level.
Kunal Saraogi - CEO at Equityrush told CNBC-TV18, "Unitech had a big pullback and the stock now is at a level which is a very major resistance on the charts. So my advice here would be to take profits out off the table. Unitech has had a big run, so there can be a bit of downside given that high beta names are struggling around these levels. So I would exit at the current level."
At 12:04 hrs Unitech was quoting at Rs 22.65, up Rs 0.20, or 0.89 percent. It has touched an intraday high of Rs 23.20 and an intraday low of Rs 21.55.Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.