India's PNC Infratech gains on getting $30 mln from NHAI

PNC Infratech

13/12/2023 09:55

** Shares of PNC Infratech  PNCI.NS  rise as much as 4.40%,
biggest intraday percentage gain in a month, to 342.90 rupees
apiece
    ** Infrastructure company accepts 2.55 billion rupees 
($30.58 million) offered by National Highways Authority of India
(NHAI) towards dispute settlement on Dec. 13
    ** Trading volume is 665,827 shares as of 3:16 p.m. IST, 1.4
times the 30-day avg - LSEG data
    ** The mean rating of 16 analysts tracking PNCI is 1.4,
which implies "buy"; median PT is 432 rupees
    ** Including today's gains, PNCI shares up 17.5% in 2023 so
far
    
($1 = 83.4000 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))