HDFC Securities see an upside of 30% in PNC Infratech stock
Premium
The share price of PNC Infratech has gained 10% since the closing Wednesday as the asset management companies or mutual funds lapped up the shares.
(istockphoto)
The share of PNC Infratech is at par with the price one year ago.
Share Via
Read Full Story
HDFC Securities recommends buy rating to the PNC Infratech stock . It sees an upside of over 30% in the stock in a time frame of upto three months. Incorporated in the year 1999, PNC Infratech Limited is one of the front-ending infrastructure development, construction and management companies in the country. On Wednesday, shares of PNC Infratech Ltd lost 5.59% to close at ₹174.80 on BSE, over the previous close as CN Infrabuild Pvt Ltd sold 2.55 crore shares or 9.95% of equity of PNC Infratech worth over ₹447 crore through an open market transaction.