India's PNC Infratech gains on order wins

Ashoka Buildcon

16/10/2024 04:58

** Shares of construction and engineering co PNC Infratech
 PNCI.NS  rise 5.1% to 469 rupees
    ** Co received two orders worth 22.68 bln rupees ($270 mln)
and 23.62 bln rupees, respectively
    ** Both orders are for construction and engineering purposes
from Maharashtra State Road Development Corp
    ** Fifteen analysts covering stock on avg have a "buy"
rating; median PT is 563 rupees - LSEG data
    ** Stock up 28% YTD up to last close vs a 74% and 84% gain,
respectively, for HG Infra Engineering  HGIN.NS  and Ashoka
Buildcon  ABDL.NS  


($1 = 84.0630 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))