Sharekhan Picks Mid Cap Infra Stock To Buy Amid Positive Sector Outlook, TP Rs 390

Sharekhan has suggested investors to buy mid cap infrastructure stock, PNC Infratech Ltd with a target price of Rs 390 apiece amid positive sector outlook. Last trading price of PNC Infratech Ltd is Rs 284.65 apiece. If you buy PNC Infratech Ltd now, you can get potential return of 37%. Check details below:

PNC Infratech Ltd Stock Performance & Return: Last trading price of the stock is Rs 284.65 apiece with intraday gain of 0.30%. The stock's 52-week high is Rs 354.55 apiece and 52-week low is Rs 219.35 apiece, respectively. Its market capitalisation is Rs 7,302.39 crore. The stock fell 13% in last 1-month, a little over 1% in last 6-month, gave a return of 15% in last 1-year. In last 3-years, it gave return of 90%. In last 5-years, it surged 79%.

PNC Infratech Ltd Valuation: According to Sharekhan, "We retain a Buy rating on the stock with an unchanged price target (PT) of Rs. 390, considering a favourable risk-reward ratio and it being one of the key beneficiaries of a positive sector outlook. We retain a Buy on PNC Infratech Limited (PNC) with an unchanged price target (PT) of Rs. 390, considering favourable risk-reward ratio and it being one of the key beneficiaries of a positive sector outlook."

PNC Infratech Ltd About: PNC Infratech Limited is engaged in India's infrastructure development through the construction of highways including BOT (built operate and transfer projects) airport runways bridges flyovers and power transmission projects among others. The mid cap company was incorporated in 1999 and operates in Infrastructure sector.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan. 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.