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Buy PNC Infratech: target of Rs 350: ICICI Direct

ICICI Direct is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 350 in its research report dated August 10, 2022.

August 12, 2022 / 05:23 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 PNC to deliver projects on-time. PNC has executed 70 major infrastructure projects till date. • Reported 30.3% revenue CAGR in FY17-22; operating margin was in the range of 13-15% • Proficient execution, robust return ratios (RoCE: ~20%).


We maintain our BUY rating on the stock. We value PNC at Rs 350/share.

For all recommendations report, click here


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PNC Infratech - 110822 -ic

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first published: Aug 12, 2022 05:23 pm
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