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Global cues drag Sensex below 14,000

Posted on: July 8th 2009 in Market News.

The Sensex finally ended the day at 13,769, down 401 points, owing to constant selling seen across the board. The Sensex today opened at 14,039, down 130 points from its previous close due to negative global cues as all the major world markets were in red. The US stocks were hammered an…

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Buy Unitech, target of Rs 110: KRChoksey

Posted on: July 1st 2009 in Brokerage Recommendations.

KRChoksey has recommended a buy rating on Unitech, with price target of Rs 110, in its report dated June 29, 2009. “The successful QIP’s has brought positive triggers in the stock. We expect Unitech would be able to launch 35 million sq ft in next 2 years. The company plans to la…

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Motilal Oswal neutral on Unitech

Posted on: July 1st 2009 in Brokerage Recommendations.

Motilal Oswal has maintained its neutral rating on Unitech, in its report dated June 29, 2009. “We have upgraded our NAV estimate to Rs 83/share from Rs 66/share, to account for (i) accelerated launch of projects, ii) reduction of WACC and cap rates, and (ii) 5% CAGR in real estate…

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Realty index sheds 11% in two days

Posted on: June 18th 2009 in Stock News.

The Realty index was the major laggard today and tumbled to a low of 3,193. The index finally ended with a loss of 6% at 3,190. The index has slumped over 11% from Tuesday’s close of 3,599. Unitech dropped 9% to Rs 76. DLF slipped 3% to Rs 322. HDIL, Mahindra Lifespace Developer…

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