Geojit Recommends Mid Cap Infra Stock To Buy As Shares Showing Potential To Soar

Geojit has recommended investors to buy leading mid cap Infrastructure Sector stock, PNC Infratech Ltd with target price of Rs 328 apiece. Last trading price of the stock is Rs 282.75 apiece. The company has a market capitalisation of Rs 7,253.64 crore. If you buy PNC Infratech Ltd share now at last trading price, you can get potential return of 16%. Check details below:

1. PNC Infratech Ltd Stock Performance

Last trading price of PN Infratech is Rs 282.75 apiece. The stock's 52-week high is Rs 354.55 apiece and 52-week low is Rs 219.35 apiece, respectively.

2. PNC Infratech Ltd Return & Financial Performance

The stock's value surged by over 1% in last 3-months, 11% in last 1-year, and 56% in last 3-years. It offered 72% return in last 5-years. The company for the quarter ended December 31, 2022 declared a consolidated total income of Rs 1822.87 crore, up .20% from last quarter total income of Rs 1819.15 crore. It declared its net profit after tax at Rs 139.69 crore in the latest quarter.

3. PNC Infratech About

It is one of the front ending Indian infrastructure investment, development, construction, operation and management companies in the country, with wide experience and proven expertise in execution of projects in core infrastructure sectors including expressways, highways, bridges, flyovers, airport runways, water supply, industrial area development and other infrastructure activities. It offers end-to-end infrastructure implementation solutions, according to its official website. 

Disclaimer

The stock has been picked from the brokerage report of Geojit. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.