Invest in the best stock opportunities right now and every-time.
Start Systematic Stock Investing ...in less than a minute.
Unitech is currently trading at Rs. 28.85, up by 0.55 points or 1.94% from its previous closing of Rs. 28.30 on the BSE.
The scrip opened at Rs. 28.50 and has touched a high and low of Rs. 29.05 and Rs. 28.10 respectively. So far 827604 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 48.80 on 07-Apr-2011 and a 52 week low of Rs. 17.45 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 30.80 and Rs. 27.45 respectively. The current market cap of the company is Rs. 7495.70 crore.
The promoters holding in the company stood at 48.57% while Institutions and Non-Institutions held 33.84% and 17.59% respectively.
Realty firm, Unitech is open to selling its 32.7% stake in its telecom joint venture with Norway's Telenor ASA and has sought $150 million from the latter. The realty firm's offer takes into account the invested amount of about $125 million as equity into its Unitech Wireless and another spent of $25 million in the initial phase of its development.
Unitech’s proposal to the Company Law Board comes after the quasi-judicial body asked the realty firm to decide by March 19 if it wanted to buy out the 67.25% stake held by Norway's Telenor or exit their joint venture, in order to end the bitter dispute between the two.
A dispute between the two companies, which had been simmering for some time, boiled over after India's Supreme Court on February 2, ordered the scrapping of 122 mobile phone licenses issued without auction since January 2008 to several companies, including Unitech Wireless, stating that the allocations were rigged and underpriced. The affected companies have been allowed to continue operations until the order becomes effective after June 2.
Telenor bought 67.3% of Unitech Wireless in 2008 for about Rs 6,100 crore after the Indian company got the license. It has provided more than Rs 8,000 crore in corporate guarantees to the unit, making it India's second-largest foreign investor in the telecom sector after Vodafone Group PLC.
| Company Name | CMP |
|---|---|
| Dilip Buildcon | 458.40 |
| Macrotech Developers | 1218.25 |
| NBCC (India) | 142.30 |
| Prestige EstatesProj | 1321.65 |
| DLF | 887.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
