Unitech advanced 1.80% to Rs 272.05 at 10:11 IST on BSE on reports that Lehman Brothers and Deutsche Bank are set to make a combined investment of $500 million in Unitech's special purpose vehicle formed to execute two commercial projects in Mumbai.
The stock hit a high of Rs 279.70 and a low of Rs 268.10 so far during the day. The stock had a 52-week high of Rs 546.80 on
The company’s current equity is Rs 324.68 crore. Face value per share is Rs 2.
The current price of Rs 272.05 discounts its Q3 December 2007 annualized EPS of Rs 9.09, by a PE multiple of 6.16.
Unitech’s net profit declined 18.4% to Rs 368.92 crore on 18.4% decline in sales to Rs 818.51 crore in Q3 December 2007 over Q3 December 2006.
The two projects, located in
Earlier this month, Unitech had put on hold its $1-billion qualified institutional placement (QIP) and the listing of its Singapore REIT (Real Estate Investment Trust) due to poor market sentiment.
Unitech is engaged in civil engineering, construction and housing development projects. It has also undertaken the construction of thermal power, steel and petrochemical plants and public utility buildings for a number of reputed public and private sector companies.
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