Unitech Shoots Over 19% After Block Deal


Unitech Ltd. stock rallied 18% during Friday’s trade as a result of investor Manish Lakhi purchasing 1.54 crore shares of the company or a 0.6% stake for Rs 6.46 each.

Unitech was trading at Rs 7.78, up by Rs 1.26 or 19.33% as at 1132 hours on Friday, on the BSE. The stock had hit an intraday high of Rs 7.82. The stock got locked in its upper circuit at Rs 7.82, it also witnessed a spurt in volume by more than 4.43 times.

Unitech Ltd is a leading real estate developer in India. The business operations of the company include construction, contracts, development of real estate, consultancy and management services, hotels, manufacturing of power transmission and telecom towers.

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