Buy PNC Infratech, target price Rs 415: Axis Securities

Axis Securities has buy call on PNC Infratech with a target price of Rs 415. The current market price of PNC Infratech Ltd. is Rs 315.5.

PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8083.55 Crore) operating in Infrastructure sector.

PNC Infratech Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1932.35 Crore, down -8.49 % from last quarter Total Income of Rs 2111.72 Crore and up 6.22 % from last year same quarter Total Income of Rs 1819.15 Crore. Company reported net profit after tax of Rs 147.91 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Sep-2023, while FIIs owned 10.78 per cent, DIIs 28.1 per cent.