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UNITECH
CMP (Rs.):57.45 EPS (Rs.):2.20 52 Week High : 101.00
MCap (Rs. Cr.): 15305 Book Value(Rs.): 33.26 52 Week Low : 46.15
Fundamental View :
The company had a peak debt of Rs 10,900 crore in December 2008, has reduced
liabilities to about Rs 6000 crore. Net debt levels have declined to about Rs 5200
crore.
Unitech expects high-end residential properties to account for a quarter of sales in
the next couple of years.
Outlook: The company is able to reduce its debt and its financial performance is improving.
Technical View:
In the daily charts the stock is below its 25 DMA which is at 60.70. The 14 day RSI is 36.16,
MACD on daily charts is -2.40. The stock is below its 200 DMA which is at 76.58.
Recommendations:
The stock has been in downtrend for the last 4 months and has underperformed broader
market along with other Real estate stocks. It still trades below short as well as long term
moving averages and it has to cross above 62 on sustained basis for showing short-term
upside.
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