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Last Updated : Oct 11, 2013 04:30 PM IST | Source: CNBC-TV18

SP Tulsian positive on Unitech

SP Tulsian of has a positive view on Unitech and expecst the stock to touch Rs 23-24 in next 30-45 days.

SP Tulsian of told CNBC-TV18, "The bottoming out has really happened in all the real estate stocks. That is why I have been maintaining my positive view and same thing is happening with Unitech. If one really sees the monetisation of some of their assets, of the SEZ properties, they have not got factored in. About a couple of weeks back there was cancellation move by the Central Bureau of Investigation (CBI) of Chandra in the 2G scam, so that was keeping the price under check."

"Today we have seen a breakout or may be the informed buying coming in. So, I am keeping positive view. One can take a level of Rs 23-24 maybe in next 30-45 days," he said.

Also Read: Unitech to sell Gurgaon IT SEZ for Rs 2600-2700cr: Srcs

On October 11, Unitech closed at Rs 19.35, up Rs 1.45, or 8.10 percent.

The share touched its 52-week high Rs 40.90 and 52-week low Rs 14.65 on 15 January, 2013 and 06 August, 2013, respectively.

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First Published on Oct 11, 2013 04:30 pm
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