Unitech trades jubilantly on plan to increase its construction spending

22 Apr 2014 Evaluate

Unitech is currently trading at Rs. 16.98, up by 0.81 points or 5.01% from its previous closing of Rs. 16.17 on the BSE.

The scrip opened at Rs. 16.30 and has touched a high and low of Rs. 17.10 and Rs. 16.25 respectively. So far 4708481 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 31.50 on 20-May-2013 and a 52 week low of Rs. 10.86 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 17.20 and Rs. 15.40 respectively. The current market cap of the company is Rs. 4392.77 crore.

The promoters holding in the company stood at 48.00% while Institutions and Non-Institutions held 29.54% and 22.45% respectively.

In a bid to deliver at least six million sq ft of developed area this financial year, Unitech is planning to increase its construction spending. The company has nine million sq ft of delivery pending from the before 2009, when the economy started slowing. Overall, it has 12 million sq ft due for delivery.

Unitech is not the only company that has failed to deliver residential units on time. According to estimates, 200,000-300,000 units are pending for delivery from all developers in the country because of the slowdown and a shortage of funds.

Unitech, being one of the leading real estate companies, has several business segments relating to residential, commercial, Information Technology (IT) parks, retail, amusement parks, etc, with over four decades of achievement and continues to be a prominent player with high degree of quality and affordable real estate in the Indian market space.

Unitech Share Price

1.69 -0.05 (-2.87%)
Aug 19, 18:03 View Price Chart
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