PNC Infratech Ltd (PNCINFRA)

PNC Infratech CEO's Remuneration 79% Higher Than Industry Average - 23 Sep, 2023

PNC Infratech Ltd's CEO, Pradeep Jain, received a total remuneration of ₹123m for the year to March 2023, which is 79% higher than the industry average. The company's annual general meeting will take place on September 29th. Total shareholder return over the past three years was 139%.

PNC Infratech Well-Positioned to Benefit from Government's Infrastructure Plans - 22 Sep, 2023

Axis Securities believes PNC Infratech is well-positioned to benefit from the government's plans to develop highways and expressways, with significant potential in both EPC and HAM modes. The increased capital budget for infrastructure components reflects the government's commitment to becoming a $5 trillion economy by 2025.

HDFC Mutual Fund Buys Additional Stake in PNC Infratech Ltd - 13 Sep, 2023

PNC Infratech Ltd's stock hits 52-week high after HDFC Mutual Fund buys an additional stake of 2.02%, i.e., 51.94 lakh shares, in the company via open market transactions. The company's financials have shown decent improvements with operating revenues rising from Rs 7,021.69 crores to Rs 7,898.28 crores and after-tax profits increasing from Rs 580.43 crores to Rs 658.45 crores during FY22-23. Promoters hold a 56.07% stake while Foreign Institutional Investors (FIIs) hold a 10.26% stake.

PNC Infratech Arm Settles Dispute with NHAI - 07 Sep, 2023

PNC Infratech Ltd's arm, PNC Raebareli Highways, will settle its dispute with the National Highways Authority of India (NHAI) for a one-time settlement amount of Rs 107.17 crore.

PNC Infratech Maintains Steady ROCE of 12% - 06 Sep, 2023

PNC Infratech has maintained a steady return on capital employed (ROCE) of 12% over the past five years, with stable returns providing rewards to shareholders.

PNC Infratech Ltd gains 15-18% as MFs own significant stake - 01 Sep, 2023

Shares of PNC Infratech Ltd rose by 15-18% after it was revealed that mutual funds owned a significant stake in the company.

PNC Infratech Ltd's Share Price Drops 6.7% Over a Week - 16 Aug, 2023

The share price of PNC Infratech Limited has dropped by 6.7% over the past week, possibly due to disappointing financial results. However, the company has rewarded shareholders with a total shareholder return of 30% in the last twelve months.

PNC Infratech Among Top Picks - 14 Aug, 2023

According to a news article, PNC Infratech is among the top picks of an analyst along with RVNL, RailTel, Ambuja Cement and UltraTech Cement.

Brokerage Firm Suggests Diversification for PNC Infratech and KNR Constructions - 05 Aug, 2023

Nuvama Institutional Equities suggests that road developers like PNC Infratech should diversify their projects across different segments. The brokerage firm believes both PNC Infratech and KNR Constructions have the potential to strengthen their order books by winning Hybrid Annuity Model (HAM) projects.

PNC Infratech Ltd Resists at Rs 370 Level - 20 Jul, 2023

PNC Infratech Ltd has broken the price hurdle of Rs 340 and is now resisting at the second level of Rs 370. The overall trend remains strong, with fresh positions recommended above Rs 370 for further highs of Rs 400 and Rs 450 levels. Important support level at Rs 330.

PNC Infratech Overvalued by 31% - 07 Jul, 2023

PNC Infratech Ltd's stock is currently overvalued by 31%, according to a discounted cash flow valuation analysis. The stock price is at ₹354 compared to an intrinsic value of ₹270.70, despite expected earnings growth of 28%.

PNC Infratech Signs Concession Agreement for Highway Project - 28 Jun, 2023

PNC Infratech Ltd has signed a concession agreement with the road transport ministry to build a four-lane highway stretch of NH-731A in Uttar Pradesh on hybrid annuity mode for Rs 819 crore. The project is expected to be completed in 24 months and operated for 15 years.

PNC Infratech expected to benefit from strong order inflows and asset monetisation - 20 Jun, 2023

PNC Infratech is expected to benefit from strong order inflows for construction companies, with a strong and diversified order book supporting revenue growth. Additionally, asset monetisation is expected to deleverage the balance sheet. Valuations are not inexpensive, but the medium-term outlook has improved.