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    Buy PNC Infratech, target price Rs 407: HDFC Securities

    Synopsis

    PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6608.45 Crore) operating in Infrastructure sector.

    buy sellAgencies
    Promoters held 56.07 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.48 per cent, DIIs 28.57 per cent.
    HDFC Securities has buy call on PNC Infratech with a target price of Rs 407. The current market price of PNC Infratech Ltd. is Rs 257.35. Time period given by analyst is one year when PNC Infratech Ltd. price can reach defined target.

    PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6608.45 Crore) operating in Infrastructure sector.

    PNC Infratech Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2066.15 Crore, down -8.06 % from last quarter Total Income of Rs 2247.33 Crore and up 39.15 % from last year same quarter Total Income of Rs 1484.81 Crore. Company reported net profit after tax of Rs 240.66 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 56.07 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.48 per cent, DIIs 28.57 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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