The company made this announcement after trading hours on Thursday, 25 September 2008. Meanwhile, the BSE Sensex was down 65.71 points, or 0.49%, to 13,481.47. On BSE, 2,037 shares were traded in the counter. The stock had an average daily volume of 22.43 lakh shares in the past one quarter. The stock hit a high of Rs 120.70 and a low of Rs 118.20 so far during the day. The stock has a 52-week high of Rs 546.80 on 2 January 2008 and hit a 52-week low of Rs 112.55 on 18 September 2008. The mid-cap stock had underperformed the market over the past one month till 25 September 2008, declining 24.67% as compared to the Sensex’s decline of 6.25%. It had also underperformed the market in the past one quarter, falling 34.21% as compared to the Sensex’s decline of 4.73%. The company’s current equity is Rs 324.68 crore. Face value per share is Rs 2. The current price of Rs 119 discounts Q1 June 2008 annualized EPS of Rs 7.42, a PE multiple of 16.04. With this, the company has been allotted initial spectrum in 12 service areas out of the total 22 service areas, United said in a statement. Unitech’s net profit rose 13.4% to Rs 301.31 crore on 3.1% fall in sales to Rs 739.82 crore in Q1 June 2008 over Q1 June 2007. Unitech develops self-sustaining residential areas, commercial spaces, amusement parks, infrastructure development, thermal power plants, transmission lines, highways, flyovers, industrial facilities, steel plants, and overseas turnkey projects.