Real estate developer,Unitech recovered
on Wednesday following a decline of nearly 18% in previous session
after announcing third quarter results today.
Shares of the compnay surged 5.7% as its third quarter profit rose 52.43%to Rs 841.70 million. Analysts on an average had estimated profit of Rs 700 million. Consolidated net sales of the company went up 25.38% to Rs 6.45 billion for the quarter ended Dec. 31, 2012.
On Tuesday, shares of the
companyplunged 17.86%on reportsthe Central Bureau of Investigation
(CBI) removed its lawyer in the 2G spectrum allocation scam case
for allegedly colluding with the Unitech's managing director Sanjay
Chandra, one of the accused in the scam.The scrip has touched an
intra-day high of Rs 30.80 and low of Rs 28.50. The total volume of
shares traded at the BSE is 12,350,328.Currently, the stock is
trading down 25.67% from its 52-week high of Rs 40.90 and above
67.03% over the 52-week low of Rs 18.20.
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