Buy PNC Infratech; target of Rs 360: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on PNC Infratech

The company remain on track on achieving appointed dates for seven HAM projects by Q4FY2023 end as it achieved appointed dates and financial closure of two and three HAM projects respectively during Nov-Dec. Road project awarding picked up during Q3FY2023/December 2023 rising by 82% y-o-y and 2.5x m-o-m respectively. Expect strong project awards during Q4FY2023. Expect the company to benefit from high capital allocation expected towards roads and highways for FY2024 in the upcoming budget.

Outlook

We retain a Buy on PNC Infratech Limited (PNC) with a revised PT of Rs. 360, marginally increasing our valuation multiple and rolling forward our valuation to September 2024 earnings.

For all recommendations report, click here

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

PNC Infratech - 06 -01-2023 - khan