Unitech : Stock/Scrip Information, Research, Recommendation

Unitech can touch Rs 37: Gujral
Technical Analyst, Ashwani Gujral is of the view that Unitech can rally upto Rs 37. Gujral told CNBC-TV18, "Unitech can rally upto Rs 37."

• Currently -95.11% below the 52-week high of 546.80
• Currently 22.71% above the 52-week low of 21.80

Sell Unitech: Bhambwani
Technical Analyst, Vijay Bhambwani is of the view that one can sell Unitech after upside of Rs 5-7. Bhambwani told CNBC-TV18, "Unitech is rallying to fall all over again; I would give it another Rs 5-7 and sell it."


Switch out from Unitech: Mohoni
Technical Analyst, Deepak Mohoni is of the view that one should switch out to some other stock from Unitech.

Mohoni told CNBC-TV18, "If one looks at Unitech from its peak, it has fallen 95% from Rs 550 to Rs 25 and if it is asked to get there back it needs return of 2100%. So, we are really talking about a stock that is finished, there were a lot of tech socks, which went through this and fell 95-99%, half of those companies have either disappeared or barely went up 30-40%."

He further added, "So, I do not know what one is expecting to do by holding on to this stock he is not going to get great returns that is for sure. It may be better if he just switches out to some other stock, of course if there is a bounce back in the market he may get 10-15% of a bounce out of the stock but I don’t think it is worth gambling for."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.


Do not buy Unitech: Dhawan
Sajiv Dhawan of JV Capital Services is of the view that one should not buy Unitech at current level. If the stock collapse to maybe Rs 10 then at least the risk reward is more in your favour, he added.

Dhavan told CNBC-TV18, "Just no positive news coming out for the company and even at these levels there is enough selling. The stock had a bounce back but Rs 2-3 on the stock which has fallen several 100 rupees is really not going to make any difference to anyone."

He further added, "I think most people who have realistically bought the stock above Rs 300 and that is not probably a fat money. Anyone buying now is probably thinking of how much worse can I get, which is still Rs 20. Over the long-term, they are expecting the price to multiply several times but that is assuming the company survives this carnage that it is going through."

There is still no reason for anyone to take an aggressive long-term bet. If the stock collapse to maybe Rs 10 then at least the risk reward is more in your favour but even at Rs 22 it is very sad situation when you are not saying Unitech, which was the darling in the stock market a few years back is not a buy; it is very similar to the tech meltdown we saw in 2000 and is very surprising at this point to see that in a company like in Unitech."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.





Source : CNBC-TV18


Courtesy/Source: moneycontrol.com