In the last quarter, the company made certain organisational changes to give sharper management focus to individual projects. These changes should result in further accelerating the delivery by resolving project specific issues in a focused manner according to Mr.Chandra.
The organisational changes have been made as Unitech Ltd was facing consumer complaints and protest in some of its projects due to delay in completion of projects.
On operational front, Unitech achieved a sales bookings of Rs.832 crore in the first nine months of this fiscal and completed 3.03 million sq ft of area in the 1st nine months of FY16.
The commentary from the management this time, is very strong and hence it is expected to cross Rs.10, within the next 6 months of time frame, doubling your money. So, this is a must buy stock, in your portfolio.