India's PNC Infratech jumps on upbeat FY26 rev forecast

PNC Infratech

05/06/2025 06:55

** Shares of PNC Infratech PNCI.NS gain 10.7% to 316.8 rupees

** Stock set for biggest one-day rise since December 2024, if gains hold

** Construction co forecasts over 20% rev growth in FY26; targets 150 billion rupees ($1.75 billion) order inflows

** ICICI Securities says co unlocking 20 bln rupees surplus cash via asset monetisation by H1FY26, will help it pursue more infra projects; maintains "Add" rating, hikes TP by 9.5% to 294 rupees

** Co's Q4 net profit plunged 81% Y/Y, hurt by lower orders and delayed execution; rev dropped 34%

** Avg rating on stock is "buy"; median PT is 381 rupees - data compiled by LSEG

** Stock down 5% YTD

($1 = 85.9040 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))