India's PNC Infratech rises after winning 5 billion rupees project bid

PNC Infratech

05/09/2025 09:50

** Shares of PNC Infratech PNCI.NS up 1.6% to 310 rupees

** Construction co declared lowest bidder for a tender worth 4.96 bln rupees ($56.7 mln)

** Tender for construction of high level bridge and approach road in eastern Indian state of Bihar

** Stock set to rise most in a session since July 29

** Avg rating of 16 analysts is "buy" and median PT is 378 rupees, ~22% higher than current price - data compiled by LSEG

** YTD, down ~7%

($1 = 87.5060 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))