Unitech's scrip nosedived 17.14 per cent to Rs 21.75 on the BSE. In intra-day, it tanked 18.28 per cent to Rs 21.45.
At the NSE, the stock slumped 17.30 per cent to Rs 21.75.
Following the sharp fall in the stock, the company's market value declined by Rs 1,180.22 crore to Rs 5,686.78 crore.
On the volume front, 157.92 lakh shares of the company changed hands at the BSE, while over 12 crore shares were traded at the NSE during the day.
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