Buy PNC Infratech Ltd., target Rs 143.0 : Angel Broking

Angel Broking has Buy call on PNC Infratech Ltd. with a target price of Rs 143.0. The current market price of PNC Infratech Ltd. is 119.75. Time period given by analyst is year, when PNC Infratech Ltd. price can reach defined target. Angel Broking cited the strong uptick in roads and highways EPC award activity, especially in north India, where PNC has more comfort. It said it is comforted that the consolidated balance sheet would peak from FY17 onwards and foresees a 19% upside in the stock.