India's PNC Infratech jumps on two highway project wins

PNC Infratech

22/04/2026 05:23

** Shares of PNC Infratech PNCI.NS up 7.62% at 224.38 rupees

** Construction firm emerged as the lowest bidder for two National Highways Authority of India's projects worth 34.83 billion rupees ($371.55 million)

** Trading volume at nearly 4 mln shares so far, about 6.4x 30-day avg

** PNCI rated "buy" on avg by 14 analysts, median PT 255.5 rupees - LSEG-compiled data

** YTD, stock down about 17%

($1 = 93.7425 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))