India's PNC Infratech hits record high on $84 mln order win

PNC Infratech

27/02/2024 04:52

** Shares of PNC Infratech  PNCI.NS  up as much as 4.9%,
hitting record high of 469 rupees
    ** PNCI has been awarded 6.99 bln rupees ($84.3
million)project to build a 4-lane elevated flyover in the state
of Madhya Pradesh
    ** Stock has been trading above its 200-day moving avg since
late November 
    ** Stock heads for third consecutive session of gains, if
trend holds
    ** Average rating of 14 analysts tracking PNCI is "buy",
median PT is 506.5 rupees - LSEG data
    ** Including session gains, PNCI is up 29.3% YTD after
rising about 22% in 2023

($1 = 82.8860 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))