Unitech re-submits financial results

The stock of Unitech gained 14 per cent with extraordinary volume on Monday to close at ₹8.7, breaking a key resistance at ₹8. The real estate company later re-submitted its financial results for the quarter and year ended March 31, in the prescribed format in response to BSE’s e-mail dated July 11. Following this development, the stock could react positively in today’s session. With the bullish momentum,the stock could rally further and test resistances at ₹9 and ₹10 in the coming trading sessions.