Market at 10,000 stocks to buy now

The Bombay Stock Exchange has came down from 12,800 to 10,000 and it is likely that at this point of time is will consolidate for a few days and then take a upward upmove towards much awaited 14k which looks likely in near future.

Several stocks has corrected sharply and it is a great time to buy these which at one time were quite expensive. And these stocks are surely going to give a return of around 50 % in a month or so.

1. Acc
2. India Cement
3. Shasun Chemicals
4. Zee Telefilms
5. Kalpataru Power
6. Triveni Engg
7. Financial technology
8. Ansal Properties Infra
9. Balrampur Chini
10. Dabur India

A quick look at Unity Infraprojects Ltd. IPO

Infrastructure company UNITY Infraprojects is coming out with its Intial Public Offer of 3,443,000 Equity Shares in a price band of Rs. 651/- to Rs. 732/- per share through complete book building process.

In recent times stock market has seen a lot of run in infrastructure based companies such as IVRCL Infra, Nagarjuna Construction, Madhucon Project, Patel Engg and many more. The core business of Unity comprises of varied civil projects such as bridges, roads, and other irrigation projects.

Quite a few small companies that came up with offers recently have niche businesses that set them apart from the rest. While Tantia Construction has an edge in railway infrastructure, Sadbhav Engineering had gained entry into the road BOT space in consortium with Gammon India. As of now Unity Infraprojects does not have any such distinguishing feature to command a high valuation. Its 80% of the work is located in Maharastra Region.

Now looking at the financials of the company it has a revenue of 222 crores as on Dec 2005 and its operating margin jumped from 8 to 13 %. Though these are good sings but looking at the price it is coming up it does not look attractive to invest though one can expect a gain of around 30 to 40 percent on the listing day. The consequent performance will depend upon the order it gets and also if domestic mutual funds are bullish on it.

Offer Details

Open from 19th to 24th May 2006
Price Band of 651 to 732 per share
Minimum order qty 9 shares
Lead Manager DSP Merrill Lynch Ltd.