Stock Recommendations: Infraprojects

Stock:: Unity Infraprojects
Trade Recommendation: Buy
Trading Price target: Rs970
Current market Trade price: Rs581

Two new orders in kitty Unity Infraprojects (Unity) has bagged two new orders worth Rs222 crore. The first order totaling Rs133.6 crore is for the construction of a mall and a hotel, whereas the second order worth Rs88.3 crore is for the construction of five towers with basement and a podium. With these two orders, the company has bagged orders worth around Rs450 crore in Q4FY2008. This implies its current order book stands at Rs2,425 crore at the end of March 2008, which is a growth of 21.4% year on year (yoy).