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Buy PNC Infratech; target of Rs 360: ICICI Direct

ICICI Direct is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 360 in its research report dated August 13, 2021.

August 19, 2021 / 01:17 PM IST


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ICICI Direct's research report on PNC Infratech

PNC Infratech has established itself as a strong executor in roads, water infra and airport runway segments. Additionally, superior execution capabilities via ownership of modern equipment and in-house teams enables it to deliver projects on-time. PNC has executed 70 major infrastructure projects till date.Reported 19.8% revenue CAGR in FY16-21. Operating margin was in the range of 13-15% Proficient execution, robust return ratios (RoCE: ~20%)


We maintain our BUY rating on the company We value PNC at Rs 360/share.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 19, 2021 01:17 pm

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