PNC Infratech is currently trading at Rs. 146.65, up by 13.65 points or 10.26% from its previous closing of Rs. 133.00 on the BSE.
The scrip opened at Rs. 151.00 and has touched a high and low of Rs. 155.00 and Rs. 143.70 respectively. So far shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 219.40 on 03-Jul-2019 and a 52 week low of Rs. 80.85 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 155.00 and Rs. 127.30 respectively. The current market cap of the company is Rs. 3411.97 crore.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 30.18% and 13.75% respectively.
PNC Infratech has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for the Project of 53.95 km long Four laning of Meerut Nazibabad section of NH119 (New NH34) from design chainage Km 11+500 (Meerut) to 39.250 (Behsuma) and from km 79.500 (Bijnor) to 105.700 (Jalalabad), in the state of Uttar Pradesh under Bharatmala Pariyojana on Hybrid Annuity Mode (HAM) for Rs 1,412 crore.
The price bids were opened on May 13, 2020, with the company’s bid being the lowest (L1). The project is to be constructed in 24 months and operated for 15 years post construction. This is the eleventh hybrid annuity highway project secured by the company so far.
PNC Infratech is an infrastructure construction, development and management company, with expertise in execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities.
