Shahina Mukadam, Independent Market Expert advises exiting Unitech.
Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I wouldn’t really be invested for the long-term in a stock like Unitech having said that I am seeing a bit of a movement in the stock which could possibly take it to somewhere close to Rs 8. I would keep a stoploss of Rs 5.8 and then look to get out of this stock."
"If you look at the company the major problem I have is a huge debt. They have got a very high debt, they have got legal issues, they have got on going liquidity crisis and they have got lot of court cases, so I don’t see all these things sorting out. You get decent price level, get out," she added.The Great Diwali Discount!
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First Published on Mar 1, 2017 03:15 pm