Unitech drops 20% over new allegations against Sanjay Chandra

Real estate developer in India Unitech dropped 22% on Tuesday after media reports said thatCentral Bureau of Investigation (CBI) removed its lawyer in the 2G spectrum allocation scam case for allegedly colluding with the company's managing director Sanjay Chandra,one of theaccused in the scam.Shares ofthe comapnyare trading at Rs 27.80, down Rs 7.2, or 20.57% at the Bombay Stock Exchange (BSE) on Tuesday at 10:34 a.m. The scrip has touched an intra-day high of Rs 34 and low of Rs 26.35. The total volume of shares traded at the BSE is 15,455,876.In the earlier session, the shares lost 0.28%, or Rs 0.1, at Rs 35. Currently, the stock is trading down 32.03% from its 52-week high of Rs 40.90 and above 52.75% over the 52-week low of Rs 18.20.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 35.15 (0.15) (0.43) 1 Month 38.20 (3.20) (8.38) 3 Months 26.65 8.35 31.33 6 Months 21.35 13.65 63.93 1 Year 29.55 5.45 18.44 Note: Based on previous day closing price.