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Unitech sky rockets 30%

This article was posted on Oct 27, 2008 and is filed under Stock News

MUMBAI: Share price of Unitech sky rocketed over 30 per cent to Rs 41.2 after the company clarified that it has been “slightly hit” by the rise in interest rates and also said that the developer hasn’t defaulted on payments or cut jobs. The stock touched a high of Rs 43.70 and low of Rs 27.20.

Since the beginning of the year, Unitech stock has taken huge beating. The company is filing complaints with the SEBI and other regulators against the people who have spread rumours about its operations.

The stock had touched 52-week high of Rs 546.80 on Jan 2, 2008.

source: Economictimes

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