Avoid getting into Unitech: Rajat Bose

Rajat Bose, rajatkbose.com in an interview with ET Now talks about Unitech.

What is the call on Unitech?

Unitech in the recent past is trying to rally from lower levels and yesterday it reached 33.65 and today there is a news item that it is exiting SEZ but technically until and unless you see it crossing the range between say 36 and 40 where you can expect fresh selling to come in, I do not think people should actually move into Unitech.

As of now because it may take quite a bit of consolidation around current levels before you see any sustainable uptrend
emerging in that. In the recent past when the realty stocks under which it is clubbed normally, realty stocks had been rallying, its rally has been much more tepid compared to the other stocks. So I would not really suggest getting into Unitech right now.