Unitech is currently trading at Rs 38.45, up by 1.50 points or 4.06% from its previous closing of Rs 36.95 on the BSE.
The scrip opened at Rs 37.50 and has touched a high and low of Rs 38.70 and Rs 37.25 respectively. So far 22,00,562 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 98.45 on 07-Oct-2010 and a 52 week low of Rs 30.70 on 25-Feb-2011.
Last one week high and low of the scrip stood at Rs 38.70 and Rs 35.90 respectively. The current market cap of the company is Rs 9876.54 crore.
The promoters holding in the company stood at 48.57% while Institutions and Non-Institutions held 36.28% and 15.15% respectively.
The country’s largest realty firm Unitech has sold over 300 units worth Rs 200 crore in its Unitech South Park project in Gurgaon launched last week. The company has received over 300 bookings, garnering almost Rs 200 crore in its mid-income housing project.
Realty firm had announced in February that it plans to make available 10 million sq ft (msf) of area in the next few months with an estimated construction cost of Rs 1,500 to 2,000 crore. In February last week, Unitech had also launched a township project in Rewari in Haryana with an estimated construction cost of Rs 55 crore.
The company has reported a net profit of Rs 111.36 crore for the quarter ended December 31, 2010 down by 36.73% as compared to Rs 176.01 crore for the quarter ended December 31, 2009. Its net sales / income from operations has decreased by 14.80% to Rs 659.79 crore for the quarter ended December 31, 2010 from Rs 774.46 crore for the quarter ended December 31, 2009.
Unitech is a real estate development company with over three decades of experience; today it has a market capitalization of nearly USD 6 billion. Unitech is engaged into development of residential, commercial/Information Technology (IT) parks, Retail, Amusement parks, Hotels and Special Economic Zones. It has also forayed into wireless telecommunication business. In this 60% stake amounting to Rs 6,120 crore has been brought by Norway-based Telenor, the world's seventh largest telecom operator with a subscriber base of about 159 million
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