Unitech shoots over 19% after block deal
Unitech Ltd. stock rallied 18% during Friday’s trade as a result of investor Manish Lakhi purchasing 1.54 crore shares of the company or a 0.6% stake for Rs 6.46 each.
Unitech was trading at Rs 7.78, up by Rs 1.26 or 19.33% as at 1132 hours on Friday, on the BSE. The stock had hit an intraday high of Rs 7.82. The stock got locked in its upper circuit at Rs 7.82, it also witnessed a spurt in volume by more than 4.43 times.
Unitech Ltd is a leading real estate developer in India. The business operations of the company include construction, contracts, development of real estate, consultancy and management services, hotels, manufacturing of power transmission and telecom towers.
Stock view :
Unitech Ltd is currently trading at Rs 7.82, up by Rs 1.3 or 19.94% from its previous closing of Rs 6.52 on the BSE.
The scrip opened at Rs 6.72 and has touched a high and low of Rs 7.82 and Rs 6.68 respectively. So far 227161478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1705.83 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 9.05 on 18-Jul-2016 and a 52 week low of Rs 3.89 on 29-Dec-2016. Last one week high and low of the scrip stood at Rs 6.64 and Rs 5.82 respectively.
The promoters holding in the company stood at 20.6 % while Institutions and Non-Institutions held 13.94 % and 65.47 % respectively.
The stock is currently trading above its 100 DMA.
Unitech was trading at Rs 7.78, up by Rs 1.26 or 19.33% as at 1132 hours on Friday, on the BSE. The stock had hit an intraday high of Rs 7.82. The stock got locked in its upper circuit at Rs 7.82, it also witnessed a spurt in volume by more than 4.43 times.
Unitech Ltd is a leading real estate developer in India. The business operations of the company include construction, contracts, development of real estate, consultancy and management services, hotels, manufacturing of power transmission and telecom towers.
Stock view :
Unitech Ltd is currently trading at Rs 7.82, up by Rs 1.3 or 19.94% from its previous closing of Rs 6.52 on the BSE.
The scrip opened at Rs 6.72 and has touched a high and low of Rs 7.82 and Rs 6.68 respectively. So far 227161478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1705.83 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 9.05 on 18-Jul-2016 and a 52 week low of Rs 3.89 on 29-Dec-2016. Last one week high and low of the scrip stood at Rs 6.64 and Rs 5.82 respectively.
The promoters holding in the company stood at 20.6 % while Institutions and Non-Institutions held 13.94 % and 65.47 % respectively.
The stock is currently trading above its 100 DMA.
Unitech Ltd :-
BSE 7.82 1.30 (19.94%)
NSE 7.80 1.30 (20%)
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