Low PE multibagger stock: This civil construction company bags 3 projects worth Rs 3,264.43 crore!

The stock has a PE of 12.98x whereas the sectoral PE is 34x and gave multibagger returns of 175 per cent in just 3 years.   

PNC Infratech Ltd announced that it has received orders worth Rs 3,264.43 crore from the National Highways Authority of India for Three (3) projects in hybrid annuity mode (HAM). Details are provided below.  

Project 1: Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from the junction with Chandauli - Chainpur Road to Bhabhua - Adhaura road under Bharatmala Pariyojana in the State of Bihar. The project is worth Rs 891 crore.  

Project 2: Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from the junction with Bhabhua - Adhaura Road in Bhairopur village to Konki village under Bharatmala Pariyojana in the State of Bihar. The project is worth Rs 1,113.43 crore.   

Project 3: Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Pachmon village to Anarbansalea village under Bharatmala Pariyojana in the State of Bihar. The project is worth Rs 1,260 crore.  

PNC Infratech Limited is one of the companies in charge of front-ending infrastructure projects, such as the construction of roads, bridges, flyovers, electricity transmission lines, towers and airport runways.  

The stock has a PE of 12.98x whereas the sectoral PE is 34x. The stock gave multibagger returns of 175 per cent in just 3 years.   

PNC Infratech Ltd shares zoomed 0.84 per cent today to Rs 288.45 per share, with a trading high of Rs 294.40 and a low of Rs 286.70. Investors should keep an eye on this Mid-Cap stock.