PNC Infratech added 1.33% to Rs 288.75 after the company informed about the receipt of ‘notification of intention to award’ from Haryana Rail Infrastructure Development Corporation (HRIDC) for Rs 771.46 crore project.

PNC Infra rises on receiving confirmation for Rs 771-cr project from HRIDC

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PNC Infratech emerged as the L1 bidder in National Highways Authority of India’s (NHAI’s) highway project for construction of a six-lane greenfield project between Varanasi-Ranchi-Kolkata.

PNC Infra emerges as lowest bidder for NHAI project; brokerage sees up to 35% potential upside

PNC Infratech advanced 2.16% to Rs 290.80 after the company said that it has been declared as the lowest (L1) bidder for a highway project from National Highways Authority of India (NHAI) for bid project cost of Rs 1,260 crore.

PNC Infra rises on emerging as L-1 bidder for Rs 1,260-cr project

PNC Infratech has been declared as the lowest bidder for a highway project with a bid project cost of Rs 1,260 crore.

PNC Infratech bids Rs 1,260 crore for highway project, shares gain 5%

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Project is to be constructed in 24 months and operated for 15 years, post construction.

PNC Infratech declared L1 bidder for NHAI road project worth Rs 1260 cr

Sharekhan is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 390 in its research report dated February 15, 2023.

Buy PNC Infratech; target of Rs 390: Sharekhan

PNC Infratech advanced 1.97% to Rs 291.95 after the company said that it has been declared as the lowest (L1) bidder for two highway projects of National Highways Authority of India (NHAI) for aggregate bid project cost of Rs 2,004.43 crore.

PNC Infra rises on emerging as L-1 bidder for two projects

Both the projects, which have an aggregate bid project cost of Rs 2,004.43 crore, have been awarded under Bharatmala Pariyojana in Bihar and are on Hybrid Annuity Mode basis.

PNC Infratech stock gains on being declared lowest bidder for 2 highway projects

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

PNC Infratech Limited is a infrastructure construction, development and management company.