Shares in real estate firm Unitech jumped 10% in heavy volumes on Thursday,24th March a day after JPMorgan raised the beaten down stock to "overweight" from "neutral", citing cheap valuations, reasonable gearing, comfortable liquidity and high embedded land value.
The shares rose as much as 10% to Rs 40.65 earlier.
The stock was the most traded on the NSE, with 69.7 million shares dealt and around 30 minutes of trade remaining, which was more than twice its 90-day daily average volume.
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