Equity Alert: Unitech down 7% on profit sales; outlook cautious
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K.Karthik Raja
Feb 7, 2008, 4:56:03 AM2/7/08
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Equity Alert: Unitech down 7% on profit sales; outlook cautious
MUMBAI--3:20PM--Unitech, down 7% at 364 rupees, was the worst hit
in the real estate pack as investors booked profits on concern the
sector was overvalued, dealers said. BSE real estate index was down
3.3%.
The sector is likely to see some more downside as investors
were building fresh positions in the futures and options sector.
Unitech is likely to find support at 350 rupees in the immediate
future.
Equity Alert: Unitech down 7% on profit sales; outlook cautious
MUMBAI--3:20PM--Unitech, down 7% at 364 rupees, was the worst hit
in the real estate pack as investors booked profits on concern the
sector was overvalued, dealers said. BSE real estate index was down
3.3%.
The sector is likely to see some more downside as investors
were building fresh positions in the futures and options sector.
Unitech is likely to find support at 350 rupees in the immediate
future.
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