Go long in Unitech: Sahil Kapoor

Sahil Kapoor of Edelweiss Financial Services recommends going long in Unitech.

Sahil Kapoor of Edelweiss Financial Services told CNBC-TV18, "If you have seen last few weeks we have seen some consolidation in  Unitech . Right from closer to Rs 33.50 is a good entry point."

He further added, "We have seen some correction of about 20 percent from the peak and since then it is forming a triangle plus it is out performing most of its peers and the index itself. So with the stoploss of Rs 31.90 you can go long in Unitech."

On July 3, 2014 Unitech closed at Rs 32.80, down Rs 1.55, or 4.51 percent.

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