Unitech falls on wider-than-expected quarterly loss
May 29 2014 , Mumbai
Unitech shares have more than doubled since the end of February on expectations policy reforms from the new Modi government would lead to a rally in the sector.
"As the stock has ran up sharply, we advice clients to encash existing positions," said an analyst with a domestic brokerage.
Shares in Unitech were down 3.5 percent as of 11:56 a.m.