Meanwhile, BSE Sensex was up 202 points or 1.02% to 19,940.02.

On BSE 44,232 shares were traded in the counter. The scrip had an average daily volume of 13.12 lakh shares in the past one quarter.

The stock hit a high of Rs 402 and a low of Rs 395.70 so far during the day. The stock had a 52-week high of Rs 403.80 on 19 November 2007 and a 52-week low of Rs 160.13 on 6 March 2007.

The large-cap scrip had had outperformed the market over the past one month till 5 December 2007, gaining 1.93% compared to the Sensexs gain of 1.74%. It had outperformed the market in the past one quarter, surging 54.41% compared to Sensexs rise of 26.39%.

The companys current equity is Rs 324.68 crore. Face value per share is Rs 2.

The current price of Rs 398.50 discounts its Q2 September 2007 annualized EPS of Rs 3.40 by a PE multiple of 117.20.

As per reports, Unitech would even look at listing the retail business in a foreign exchange at a later stage. Last year, the company had hived off its office space business as Unitech Corporate Parks and listed it in Londons Alternative Investments Market (AIM).

Unitech plans to develop 48 new malls in the next six years in various parts of the country. These properties will together cover an area of more than 60 million square feet and will be developed at an investment of over Rs 20,000 crore.

On 21 September 2007, Unitech said it would enter into mobile telephone services in services in 22 out of 23 circles of the country.

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.

Unitechs net profit rose 38% to Rs 138.09 crore on 37.6% growth in net sales to Rs 529.54 crore in Q2 September 2007 over Q2 September 2006.

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