Unitech at 11-month high on reforms hopes

Reuters Market Eye - Shares in Unitech Ltd surge as much as 18.5 percent 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 percent in the first two months of 2014, Unitech has surged 130 percent since February end as of Tuesday.

Shares in Unitech ended up 14.63 percent.

(Reporting by Dipika Lalwani)