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Bargain hunting in construction stocks saw the counter of Unity Infraprojects Ltd gain almost 11 per cent on the BSE to end at Rs 437. The stock has in the past one week appreciated by almost 30 per cent.

Brokers said revenue visibility for construction companies was strong on the back of healthy order books.

However, analysts believe that rising input costs (cement, steel transport etc.) may put pressure on margins. Besides, the size of the order book is such that there will be a corresponding increase in working capital requirement. Given the rising interest rate scenario this will eat into a company's operating margins, analysts said.

Dealers attribute the sharp run up in the counter also to a large mutual fund shoring up its portfolio.

Deeptha Rajkumar

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