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Buy Unitech: Indiabulls Securities

Posted on: July 3rd, 2009 and is filed under Brokerage Recommendations.

Indiabulls Securities Research has upgraded its rating on Unitech from hold to buy in its July 01, 2009 report.

“Unitech’s stock is currently trading at a 19.8% discount to our NAV of Rs 103. We believe that the stock has a long-term upside potential, primarily due to the increasing residential sales volume coupled with the Company’s comfortable liquidity position. Thus, we upgrade our rating from Hold to Buy,” says Indiabulls Securities’ research report.

source: Moneycontrol

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