Unitech Scrip Tumbles

On back of The Economic Times report on investing rating agencies probing a transfer of Rs 1,600 crore from Tata Realty and Infrastructure to Unitech, share price in the realty company got hit.

The stock opened the trading session at Rs 53 on the National Stock Exchange (NSE) against it’s previous close of Rs 59.90. However, it recovered from the bottoms and touched a high of Rs 62.40 before dropping to Rs 58.10 at 10.30 am, down 3 per cent against Friday’s close of Rs 59.90. At 10.30, the number units of the stock bought were 1.8 million compared to 1.4 million stocks sold.