Infrastructure Developers & Operators · PNCL
Infra - Construction & Contracting
from 210 today
PNC Infratech delivered a healthy Q1FY27 performance with adjusted PAT exceeding expectations, while management reiterated its FY27/FY28 revenue guidance and FY27 order inflow guidance. We reiterate our BUY rating with a SOTP-based target price of INR 271, underpinned by a robust net cash balance sheet and attractive valuations.
We change our rating from BUY to HOLD with a TP of Rs 225/share, implying a 7% upside from the CMP. Potential NHAI action following the show-cause notice remains a near-term overhang on the stock.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
