Buy PNC Infratech, target price Rs 452: HDFC Securities

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

By ETMarkets.com | Updated: Oct 04, 2023, 10.29 AM IST

Promoters held 56.07 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.26 per cent, DIIs 28.5 per cent.

HDFC Securities has buy call on PNC Infratech with a target price of Rs 452. The current market price of PNC Infratech Ltd. is Rs 373.4.
PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 9544.54 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 30-06-2023, the company reported a Consolidated Total Income of Rs 2111.72 Crore, down -9.31 % from last quarter Total Income of Rs 2328.54 Crore and up 2.21 % from last year same quarter Total Income of Rs 2066.15 Crore. Company reported net profit after tax of Rs 180.62 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.26 per cent, DIIs 28.5 per cent.

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