India's PNC Infratech rises on block deals

PNC Infratech

22/06/2023 08:18

** Shares of PNC Infratech  PNCI.NS  rise as much as 2.6% to
338 rupees
    ** Over 1 mln shares change hands in two blocks at a price
in the range of 332 to 332.35 rupees
    ** Co on track to snap three consecutive sessions of losses,
if gains hold
    ** Stock above 50-, 100- and 200-day exponential moving
averages since May 4, suggesting bullish trend
    ** More than 1.3 mln shares change hands by 12:38 p.m. IST,
3.2x 30-day avg
    ** Avg rating of 15 analysts close to equivalent of "strong
buy;" median PT is 410.00 rupees - Refinitiv data
    ** Including session's gain, stock up 15.88% YTD

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))