Buy PNC Infratech, target price Rs 420: HDFC Securities

HDFC Securities has buy call on PNC Infratech with a target price of Rs 420. The current market price of PNC Infratech Ltd. is Rs 370.6.

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 9500.93 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 30-06-2021, the company reported a Consolidated Total Income of Rs 1484.81 Crore, down -21.35 % from last quarter Total Income of Rs 1887.83 Crore and up 32.21 % from last year same quarter Total Income of Rs 1123.09 Crore. Company reported net profit after tax of Rs 112.85 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Jun-2021, while FIIs owned 9.32 per cent, DIIs 29.18 per cent.