Mid Cap Infra Co Bags NHAI Projects Worth Rs 3,264 Crore, Shares Hit 52-Week High

Shares of mid cap company operating in Infrastructure sector, Ltd surged to 52-week high today after it bagged three contracts from National Highways Authority of India (NHAI) for Rs 3264 crore. Current market price of PNC Infratech share is Rs 356.80 per share with intraday gain of 3.77%. Check details below:

PNC Infratech Ltd Inks Agreements With NHAI: According to the BSE filing of PNC Infratech Ltd dated July 20, 2023, "We send herewith a copy of Press Release that is being issued by the Company in connection with signing of concession agreement for 3 HAM projects with National Highways Authority of India (NHAI) for bid project cost of Rs. 3264.43 crore on 19th July, 2023. Details of which are attached herewith."

PNC Infratech Ltd Stock Price And Return In Last Few Years: Current market price of PNC Infratech is Rs 357.55 per share on BSE. Its 52-week high price is Rs 367.90 per share and 52-week low price is Rs 244.40 per share, respectively. Its market capitalisation is Rs 9,172.56 crore. In last 3-months, PNC Infratech share offered return of 29%, rallied 10% in last 6-months, jumped 41% in last 1-year, and gave return of 156% last 3-years.

PNC Infratech Ltd Financial Outlook: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 2328.54 crore, up 27.74% as compared to last quarter total income of Rs 1822.87 crore. It declared its recent quarter net profit after tax at Rs 145.98 crore.

PNC Infratech About: It offers end-to-end infrastructure implementation solutions that include design, engineering, procurement, construction, O&M services on fixed-sum turnkey (EPC), "Design-Build-Finance-Operate-Transfer" (DBFOT) Toll, Annuity, Hybrid Annuity, Operate-Maintain-Transfer and other formats, under one roof, according to its official website. The company was incorporated in 1999.

Disclaimer: The stock bagged projects and traded new 52-week high. Greynium Information Technologies and the author 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.