Don't miss action in Midcap Infra stock as it secures Rs. 819 Crore HAM project!

But that's not all! This impressive feat comes hot on the heels of the company's impressive 5-year profit growth of 36.6 per cent CAGR.

The world is grappling with a host of problems, ranging from the banking issue to inflation and recession. These issues have left the sentiments downbeat and this is quite evident from the fact that the frontline index Nifty 50 is trading below its important long-term moving average of 200. The same is true for the broader market index Nifty 500. On the other hand, infrastructure stocks are also showing great relative strength and remain resilient.

The infrastructure stocks are buzzing due to the companies’ getting orders at a furious pace, I know we are drawing closer to the financial year end and therefore all of these things would happen, but just the pace of ordering that is coming for most infrastructure-related names is pretty interesting.

Hold on to your hats, investors! PNC Infratech Ltd, a midcap infrastructure company, has just been declared the L1 (Lowest) bidder in a Ministry of Road Transport & Highways (MORT&H) project. This project involves the construction of a 4-lane highway in the state of Uttar Pradesh on Hybrid Annuity Mode for a whopping bid project cost of Rs. 819.0 crore.

But that's not all! This impressive feat comes hot on the heels of the company's impressive 5-year profit growth of 36.6 per cent CAGR. It's safe to say that PNC Infratech Ltd is a company to keep your eyes on in the coming days.

So, what are you waiting for? Add PNC Infratech Ltd to your watchlist right now and be ready for some exciting developments on Tuesday.