Unitech Share price

Unitech share price was once the toast of the Indian stock market. It gave more than normal returns to the investors.

Unitech is the company which was the leader of the real estate stocks when the Indian Market as hot and everyone in India were investing in the real estate. Unitech then represented a goldmine opportunity for Indian and foreign investors both. However, now the situation is that the Unitech is struggling with all the debt that it had taken on its books.

The Unitech share price today was 98 on 07/28/2009.

This is still better than when this had fallen to Rs.20 in the aftermath of the recession and the global meltdown. The property prices came down tumbling as well as there were no buyers for the existing properties.

Unitech then raised about 1620 crore through QIP route. QIP means the qualified institutional placement of shares. After that QIP it has about 7800 crore of debt on its books. They are also focusing on more affordable housing projects to retain retail interest in residential properties.

So if you want to invest in the Unitech share prices then now is the best time. Chances are that it will go up very soon and will make you decent money.

Other companies in this area are the DLF and the OMAXE. Of these DLF is the one which has struggled but regained after it reduced the promoter holding to repay a large portion of the debt.

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