3 stocks one can safely accumulate with a margin of safety: Devarsh Vakil
“We have a list 10 stocks which are a mix of largecaps and smallcaps. If I were to pick one stock, I will pick PNC Infrastructure Company. This has a current order book of about Rs 19,000 crore, which gives them revenue visibility of about almost 2.5 times their current earnings.”
Big Movers on D-St: What should investors do with ICICI Lombard, Jindal Stainless and PNC Infratech?
Stocks that were in focus include names like ICICI Lombard which rose more than 1%, Jindal Stainless which closed with gains of nearly a per cent, and PNC Infratech also closed with gains of nearly 2% in a muted market with strong volumes.
Note: I'm not a SEBI registered research analyst or not a Financial Advisor, this is for educational purposes only, Before trading please consult your financial adviser....read more
NCLT approves Prakash Asphaltings & Toll Highways’ resolution plan for Rajahmundry Godavari Bridge
The Mumbai bench of the National Company Law Tribunal (NCLT) gave its nod after the lenders approved the revival plan with 100% voting in its favour. The resolution professional had received claims of more than Rs 985 crore in the case, while the successful resolution plan proposed a total consideration of Rs 452 crore for the company.
Road transport and highways sector has maximum number of delayed projects: Govt
Road transport and highways sector has the maximum number of delayed projects at 301 followed by railways segment at 127 and petroleum sector at 91, the government said on Monday.
Road players in a sweet spot! 4 stocks that can rally up to 56%
The National Highway Authority of India (NHAI) had awarded 4,788 km and 6,306 km of projects in FY21 and FY22, respectively, surpassing its targets for these years. In FY23, it is estimated that highway projects of 5,500 km would be awarded by NHAI.
NIIF may acquire Ashoka Buildcon toll road company for Rs 1,000 crore
Multiple people told ET that talks are reaching the concluding stage on ownership transfer of the Jaora-Nayagaon Toll Road Company that operates the 120-km Jaora-Nayagaon section of SH-31 (erstwhile NH-79). An Ashoka subsidiary owns 74% of the Jaora-Nayagaon Toll Road Company, while Macquarie India owns the remaining 26%.
PNC Infratech Ltd Trend Analysis for NSE:PNCINFRA by Swastik86
Broader look shows Head and shoulder pattern formed as highlighted in the chart.
As per the pattern, there is more downside possibility.
The technical target is around Fib golden zone highlighted as ACCUMULATION ZONE.
Other technical aspects are as follows:
1. Current pattern shows a BEAR FLAG as highlighted.
2. Even though there was a huge pump today, unfortunately price closed below the red trendline resistance.
3. Strong divergence with RSI.
Some of the fundamental aspects are as …
TradingView
Broader look shows Head and Shoulder pattern formed as highlighted in the chart.
As per the pattern, there is more downside possibility.
The technical target is around Fib golden zone highlighted as ACCUMULATION ZONE.
The state-backed infrastructure financing company invested about Rs 1,000 crore in bonds and Rs 325 crore in infrastructure investment trusts (InvITs) so far this year for the first time.
Market movers: PNC Fintech surges 12%, Nykaa sees buying too
Creating a robust order book is extremely important for an infra company so that it can have revenue visibility for years. On that note, PNC Infratech seems to be doing all the right things.
Adani road transport bids for NHAI's three toll projects
ToT Project Bundle 6 includes 4 Lane Agra Bypass of 32.8 km and 4 Lane Shivpuri Jhansi of 75.3 Km. ToT Project Bundle 7 consists of 135-km long Eastern Peripheral Expressway of NCR and Bundle 8 consists of 139-km Borkhedi-Wadner-Deodhari-Kelapur- Maharashtra/Telangana Border of NH-7.
Easy funding, flexible qualification criteria help unlisted road companies gain market share
There are two key factors which have contributed to this trend. Unlike build, operate and transfer (BOT) projects, which require high capital, hybrid annuity construction projects are asset light as 40% of the project cost is borne by the government. Due to this, banks have been funding construction projects of unlisted companies. The second factor is flexible pre-qualification norms to secure projects.