Markets at a glance

Last month, ABN Amro also upped its stake in the company from 0.92 per cent to 1.7 per cent. DSP Merrill Lynch and Prudential ICICI mutual funds are other major players invested in the company.

The company has diverse interests in areas like sugar, farm inputs marketing, PVC resin, cements and chemicals. The stock has recovered by gaining 3.45 per cent over the last week.

 

Stock of the week 

UNITECH LTD
Last week's close (Rs)	227.05
Prev. week's close (Rs)	169.45
Week's high (Rs)	227.05
Week's low (Rs)	186.80
Last week's ave. daily turnover (Rs cr)	23.33
Prev. week's ave. daily turnover (Rs cr)	25.57
Number of up/down move	5/0

Unitech gained 33.89 percent in the past week vis-a-vis 2 percent by the Sensex on the back of stock split and bonus issue done by the company. It sub-divided its shares in 1: 5 ratio and allotted bonus shares in the ratio of 12 equity shares of Rs 2 each for every 1 share of Rs 10 each.

Unitech derives a large proportion of its revenues from real-estate development and construction - both residential and commercial.

Earlier this month, international hotel chain Marriott had tied up with the company to manage three courtyard properties at Gurgaon, Noida and Kolkata.