Low PE high ROE stock: This mid-cap construction company declared the L1 (lowest) bidder for a project worth Rs 771.46 crore!

The stock has a PE of 12.44x whereas the sectoral PE is 34x with an ROE of 18 per cent.

PNC Infratech Ltd informed that it has been declared the L1 (lowest) bidder for the Project of "Design and Construction of Civil Works from km 29.68 to 49.70 and from km 55.60 to 61.50 and its connectivity to Indian Railways network from New Patli to Patli Station and New Patli to Sultanpur Station including modifications/civil works at Sultanpur of HORC Project" of Haryana Orbital Rail Corporation Limited (Authority) for a quoted price of Rs 771.46 crore. The project is to be constructed in 30 months.  

PNC Infratech Limited is one of the front-ending infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development and other infrastructure activities.  

Talking about the financials, PNC Infratech Ltd has a market cap of Rs 7030 crore. The company reported excellent numbers in both Quarterly Results and annual results. The stock has a PE of 12.44x whereas the sectoral PE is 34x with an ROE of 18 per cent respectively.   

Today, shares of PNC Infratech surged 1.50 per cent to an intraday high of Rs 278.20 per share from its previous closing of Rs 274.10.  At 03:30 pm, shares of the company ended the day in the red, down 0.89 per cent to Rs 271.65 per share. Investors should keep an eye on this Mid-Cap stock.