Buy PNC Infratech, target price Rs 510: Hem Securities

Hem Securities has buy call on PNC Infratech with a target price of Rs 510. The current market price of PNC Infratech Ltd. is Rs 424.35.

PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 10882.39 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 31-12-2023, the company reported a Consolidated Total Income of Rs 2063.16 Crore, up 6.77 % from last quarter Total Income of Rs 1932.35 Crore and up 13.18 % from last year same quarter Total Income of Rs 1822.87 Crore. Company reported net profit after tax of Rs 185.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 31-Dec-2023, while FIIs owned 10.98 per cent, DIIs 27.24 per cent.