|Photo: Business Insider|
(vii) Unitech Ltd has also fully exited the wireless business and met all its liabilities and obligations to the tune of Rs.1,093.74 crore related to that business. Its prime focus now remains on executing projects and delivering them. Accordingly, cash generated, both operating as well as non-operating, is being utilized first to execute existing projects. Over the last couple of years, after it exited the telecom business and reached a settlement with its partner Telenor ASA in 2012, Unitech has been focusing on the real estate business.
In such circumstances, and considering the above points, the investors can start accumulating the stock of Unitech Ltd at the CMP of Rs.3.94, for a medium target of Rs.25 and Long Term (12-18 months) target of Rs.36.