Unitech a decent buy for Long term.

Unitech a decent buy for Long term.

A famous quote in Stock markets which hardly any one follows is “Buy when others are selling and sell when others are buying”

This is the reason why I am advising to buy Unitech as many people are selling Unitech and are bearish on this scrip. If you simply go to see the 52 week high and low you will understand.

The stock fell down due to following reasons –

• Fall in rates of Real estates / Properties.
• Global melt down.
• Fall in demand of homes.
• Land bank value went down.

Positive factors –

• Its subsidiary is starting 2G by 2009.
• Also has a bid for 3G Spectrum.
• There is high optimism that the stock can perform well considering their recent hotel project news of 2500cr / $500mn.
• Unitech has received offer for its hotel project from Amtek auto.
• Selling Telecom business at a higher price.
• Falling home loan rates on rate cuts will generate demand for more homes.

Looking for the long term prospect this stock is available at a fair price.

I would advice one to buy this stock is range of 26 - 34.

Long term targets could be any where between 70-80 Rs.

Happy Investing.

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