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Small Cap & Midcap Infra Stocks Listed As Top Picks By IDBI Capital, Buy For Upto 41% Return
Broking firm IDBI Capital report Strategy Capital Market February 2023 edition has listed two leading Infrastructure stocks namely PNC Infratech Ltd. and Ahluwalia Contracts (India) Ltd. as the top pick. The brokerage recommended investors buy the stock of these two stocks with attractive target prices for potential gains of up to 41%. These two stocks are small-cap and midcap stocks. Check below to know more:
PNC Infratech Ltd.
IDBI Capital has assigned a "Buy" on PNC Infratech with a target price of Rs 401 apiece for 38% potential upside. The stock last traded at Rs 290.95 apiece. Its 52 week high is Rs 352 apiece and 52 week low is Rs 219 apiece.
The stock has given 3.23% in the past 1 week, however, it has fallen 14.29% in the past 1 month. It gave 17.04% positive return in 1 year. In 3 years, it gave 67.94% positive return and in 5 years it gave 79.88% positive return.
About the Company - PNC Infratech Ltd. is one of the front-ending infrastructure development, construction, and management companies in the country. The company undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development, and other infrastructure activities. It is a midcap company having a market capitalisation of Rs 7,464.01 crore.
Ahluwalia Contracts (India) Ltd.
The brokerage has recommended investors to "Buy" the stock of Ahluwalia Contracts with a target price of Rs 650 apiece. It claims a potential upside of upto 41% from its current level.
The stock last traded at Rs 462.20 apiece on NSE. Its 52 week high is Rs 563 apiece and 52 week low is Rs 369.10 apiece.
In the past 1 week and 1 month, the stock has fallen 2.25% and 5.23%, respectively. Whereas, it has gained 15.56% in the past 1 year, 40.59% in the past 3 years and 24.3% in the past 5 years, respectively.
About the Company - Ahluwalia Contracts (India) Ltd. is a small-cap infrastructure sector company. The company is engaged in engineering and contract construction, delivering state-of-the-art infrastructure and building projects for clients in India. It has a market capitalisation of Rs 3,096.17 crore.
Disclaimer
The stocks have been picked from the brokerage report of IDBI Capital. 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 consult with certified experts before making any investment decision.
