India's PNC Infratech set to snap four-day losing streak

PNC Infratech

21/04/2023 10:50

** Shares of infrastructure developer PNC Infratech Ltd
 PNCI.NS  rise as much as 2.7% to 284.55 rupees, their biggest
intraday pct gain since April 6
    ** Co gets letter of acceptance from Indian government's
ministry of road transport and highways for project bid worth
8.19 bln rupees ($99.78 mln)
    ** PNCI set to snap four-day losing run, if gains hold
    ** More than 547,000 shares change hands, 70% their 30-day
avg volume
    ** All analysts covering the stock have a "buy" or "strong
buy" rating; median PT is 407 rupees - Refinitiv data


     ($1 = 82.0825 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))