Mid Cap Infra Stock That Can Soar Up To 24.22%, ICICI Direct Recommends Buy Call

Brokerage firm ICICI Direct has recommended investors to buy mid cap infrastructure stock, PNC Infratech (PNCINF) with target price of Rs 460 per share. Current market price of PNC Infratech share is Rs 370.30 per share. If you buy PNC Infratech share at this price, you can gain potential upside of 24.22%. Check details below:

PNC Infratech Stock Outlook & Return Over Years: PNC Infratech's shares last trading price is Rs 370.30 per share on BSE. Its 52-week high price is Rs 387.20 per share and 52-week low price is Rs 247.50 per share, respectively. The company has a market capitalisation of Rs 9,499.65 crore. PNC Infratech stock gained 11% in last 3-months, soared 30% in last 6-months, jumped 39% in last 1-year, and offered return of 126% in last 3-years.

PNC Infratech Valuation: According to ICICI Direct, "PNC has exhibited healthy execution along with a stable margin trajectory. Medium term trigger is asset monetisation, which would free up capital and drive scalability. We assign BUY rating. We value PNC at Rs 460 per share, valuing its construction business at Rs 373/share (at 12x FY25 EPS) and HAM at 1x equity invested."

PNC Infratech About: PNC Infratech has established itself as a strong executor in roads and water infra segments. Additionally, superior execution capabilities via ownership of modern equipment and in-house teams enables PNC to deliver projects on-time. It provides 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.

Disclaimer

The stock has been picked from the brokerage report of ICICI Direct. 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.