Nirmal Bang has recommended buy rating on Unity
Infraprojects<http://www.moneycontrol.com/company-article/unity-infraprojects/news/...>
with
a target of Rs 726, in its November 30, 2009 report.

“We believe going forward the revenues of the company will grow at  a CAGR
of 26.4% over a period of next 3 years and Net profit will  grow at a CAGR
of 24.1% during the same period. At the current market price of Rs 495 per
share, Unity Infraprojects is currently trading at a PE of 7.5x FY10E and
6.1x FY11E EPS estimates, which looks quite attractive. We arrive at a
target price of Rs 726 per share by assigning a P/E multiple of 9x for FY
2011 EPS of Rs 80.7 per share. We recommend a BUY rating on the stock with a
long term view,” says Nirmal Bang research report.

Unity Infraprojects - NB - 01 12 09.PDF 1252K Download