Market Expert, Shahina Mukadam is of the view that one may exit Unitech on bounce.
Market Expert, Shahina Mukadam told CNBC-TV18, "Unitech is in the wrong sector and the news flow is considerably negative. There are rumours doing the rounds that they are not able to meet their debt commitments. So, to that extent we have seen a fall in some of these stocks where such a rumour has come about."
"Secondly, I think it is more of a trading stock. There are no numbers to talk about hence there is no support in terms valuation. What I would suggest at best is look to exit in a bounce which I think could be another Rs 2 from hereon, maybe at Rs 10-11 is what I would look at," she added.