Unitech surges on stake sale buzz in six real estate projects - The New Indian Express

Unitech surges on stake sale buzz in six real estate projects

Published: 04th April 2014 02:19 PM

Last Updated: 04th April 2014 02:19 PM

Unitech, real estate developer in India, surged on Friday after media reports quoted that Unitech Corporate Parks Plc. (UCP) is in talks with an investor for selling Candor Investments, the holding company for its 60% interest in the six real estate projects. Shares ofthe companyare trading at Rs 15.22, up Rs 0.66, or 4.53% at the Bombay Stock Exchange (BSE) on Friday at 1:14 p.m.The scrip has touched an intra-day high of Rs 15.25 and low of Rs 14.31. The total volume of shares traded at the BSE is 5,898,473.In the earlier session, the shares climbed 1.61%, or Rs 0.23, at Rs 14.56. Currently, the stock is trading down 51.68% from its 52-week high of Rs 31.50 and above 40.15% over the 52-week low of Rs 10.86.

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