Unity Infra showing strenth; target Rs 102 in short term: Hemant Kale

In an interview with ET Now, Hemant Kale, MD, Maia Financial Services Pvt., shares his views on the outlook of Unity Infra.

What is your call on Unity Infra?

Let me speak about the sector in general. The infra sector is generally down. The long term trends are down and probably they would continue for some more time. We may not have a price damage but may be the correction may last in terms of time. So, long term players can definitely stay put in this sector currently though you may observe volatility and weakness over the next quarter.

Unity Infra, of course, has been beaten down quite a lot and the primary intermediate trend is currently down but on the shorter term, the chart is definitely showing some signs of strength. It is picking up well. On the shorter term, the price target is around Rs 102 level where profit booking can be done by a short-term player but longer-term players can definitely stay put in this stock.