India's PNC Infratech hits 3-month high on favorable arbitration

PNC Infratech

19/05/2025 07:56

** PNC Infratech PNCI.NS jumps 6.6% to three-month high of 298.75 rupees

** Co gets favorable arbitration award for 4.85 bln rupees ($56.8 mln) against NHAI

** Says dispute relates to engineering, procurement and construction (EPC) project in Uttar Pradesh state

** More than 1.5 million shares traded, ~1.5x six-month average daily volume

** PNCI rated "buy" on avg; median PT is 389 rupees, per data compiled by LSEG

** YTD, stock down 10.4%

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com))