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Unitech at 11-month high on reforms hopes

After slumping 25.7% in first two months of 2014, Unitech has surged 130% since February

Reuters
Last Updated : May 20 2014 | 5:36 PM IST

Shares in Unitech Ltd surge as much as 18.5% to its highest since May 23, 2013, extending a recent rally on hopes potential economic reforms by the incoming government would also include housing, such as by making it easier to buy homes.

After slumping 25.7% in the first two months of 2014, Unitech has surged 130% since February end as of Tuesday.

Shares in Unitech ended up 14.63%.

 

 

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First Published: May 20 2014 | 4:37 PM IST

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