Unitech Shares Slump 7% on Q2 Loss

Unitech shares fell nearly 7 per cent on Thursday after the realty developer reported a loss of Rs 14.7 crore in the September quarter. In the year ago period, Unitech had reported a profit of Rs 25.6 crore, while its profit stood at Rs 5.6 crore in the June quarter. Net sales also fell nearly 36 per cent year-on-year to Rs 384 crore as compared to Rs 596 crore as property sales slowed down.