Buy PNC Infratech, target price Rs 340: Axis Securities

Axis Securities has buy call on PNC Infratech with a target price of Rs 340. The current market price of PNC Infratech Ltd. is Rs 306.

PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 7943.74 Crore) operating in Infrastructure sector.

PNC Infratech Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 1819.15 Crore, down -11.95 % from last quarter Total Income of Rs 2066.15 Crore and down -.35 % from last year same quarter Total Income of Rs 1825.48 Crore. Company reported net profit after tax of Rs 132.12 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.