Unitech is currently trading at Rs. 5.88, up by 0.51 points or 9.50% from its previous closing of Rs. 5.37 on the BSE.
The scrip opened at Rs. 5.40 and has touched a high and low of Rs. 6.15 and Rs. 5.40 respectively. So far 10038603 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 9.05 on 18-Jul-2016 and a 52 week low of Rs. 3.89 on 29-Dec-2016.
Last one week high and low of the scrip stood at Rs. 6.15 and Rs. 4.98 respectively. The current market cap of the company is Rs. 1543.62 crore.
The promoters holding in the company stood at 20.60%, while institutions and non-institutions held 13.94% and 65.47% respectively.
Realty firm Unitech has sold 74 acre land in Gurgaon, Chennai and Hyderabad for Rs 260 crore to boost its cash flow and complete ongoing projects. The Gurgaon-based developer has sold 41 acres in Hyderabad for Rs 160 crore, 19.05 acres in Chennai for Rs 67 crore and 13.55 acres in Gurgaon for Rs 33 crore. These land parcels were sold during the second half of 2016-17.
On the operational front, the company has sold 2.75 million sq ft for Rs 851 crore last fiscal against 1.28 million sq ft for Rs 963 crore in 2015-16. The decline in sales value despite rise in volume was because of a sharp fall in average realisation to nearly Rs 3,100 per sq ft from Rs 7,500 a sq ft during 2015-16.
Out of the total sales, the commercial segment contributed 2.24 million sq ft for Rs 673 crore while housing segment, which is affected the most, accounted for only 0.51 million sq ft for Rs 178 crore. City-wise, the company achieved maximum sales in Gurgaon at Rs 747 crore out of the total Rs 851 crore.