Q.
Hold Unitech with target of Rs 65-70, says Rajesh Jain of SMC Global Securities on CNBC Awaaz. Keep stop loss of Rs 42, he adds
About: Company: Unitech Ltd.
Asked by Nagarjuna reddy,
05 May '09 10:51 am
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Answers (4)
1.
In my personal opinion stay awaw from this stock and even from this sector. Unitech is more of a housing play, which is not a favorable sector right now. If you look at their balance sheet they have 8000 Crore debt while their revenue is merely 3750 Crore. They are in same business as DLF but DLF has 8000 Crore of debt with revenue of 13500 Crore. In terms of valuation they are close to DLF. Even stock price look small but they are overprices. Based on current trend their yearly revenue is going to be half from current. They have 300-400 Crore annual profit. If things does not turn around they might be in deep red. Also their properties are in high price range, which is affected most. Their exposure to infrastructure sector is also very small, which is negative.
Also not any major mutual fund of FII is entering the stock. So i am not expecting sustained rally in their price for long term.
http://www.askkuber.com
let number speak
Answered by subodh joshi, 05 May '09 12:39 pm
Also not any major mutual fund of FII is entering the stock. So i am not expecting sustained rally in their price for long term.
http://www.askkuber.com
let number speak
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2.
It's a time to book profit. If you r thinking for long term then it is so good share for investment.
Answered by vikas arora, 05 May '09 11:34 am
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4.
Yes the unitech will totch the point vey soon because the foreign investors has been investing huge amount in it, sensex also influesncing on it yesterday it grown 18.5 % today its 9 % so far
Concidering the facts that the price cant down under 40
Answered by Musfer, 05 May '09 10:54 am
Concidering the facts that the price cant down under 40
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