Rs 18,900 crore order book: This civil construction company receives completion certificate for order worth Rs 748.40 crore from National Highways Authority of India!
The stock is up by 40 per cent in just 1 year and generated multibagger returns of over 130 per cent in 3 years.
PNC Infratech Ltd announced that the company received a completion certificate for the construction of an eight-lane access-controlled expressway starting from Bhamaiya village to Baletiya village in Panchmahal district section of Delhi-Vadodara Greenfield Alignment on an EPC mode under Bharafinala Pariyojana in the State of Gujarat. The order was received from the National Highways Authority of India (NHAI) worth Rs 748.40 crore and was completed in 2 years.
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.
The company has a market cap of Rs 9,500 crore. As of June 30, 2023, the company has a robust order book of Rs 18,900 crore (including a contract worth Rs 4,083 crore not yet included in the order book).
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On Wednesday, shares of PNC Infratech gained 0.31 per cent to Rs 373.95 per share from its previous closing of Rs 372.80 with an intraday high of Rs 379.9 and an intraday low of Rs 369. The stock’s 52-week high is Rs 387.20 and its 52-week low is Rs 251.10.
The shares of the company have a PE of 13x, an ROE of 17.37 per cent and a ROCE of 15 per cent. The stock is up by 40 per cent in just 1 year and generated multibagger returns of over 130 per cent in 3 years. Investors should keep an eye on this mid-cap civil construction stock.