DSP Business Cycle Fund Direct (G) : NFO Details
This infrastructure stock skyrocketed 4%; know why?
Last Updated: 16th November 2022 - 04:32 pm
PNC Infratech surges on handing over the ‘EPE user fee collection mandate’ to NCR Eastern Peripheral Expressway.
PNC Infratech closed at Rs 261.90, up by 8.35 points or 3.29% from its previous closing of Rs 253.55 on the BSE. The scrip opened at Rs 251.10 and has touched a high and low of Rs 264.95 and Rs 251.10, respectively. The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 337.70 and a 52-week low of Rs 219.35.
PNC Infratech has handed over ‘EPE User Fee Collection Mandate’ to NCR Eastern Peripheral Expressway, TOT Concessionaire selected by National Highways Authority of India (NHAI). The project has been handed over to TOT Concessionaire as advised by NHAI. NHAI had awarded the mandate of ‘Collection of User Fee at 135 km long Eastern Peripheral Expressway (EPE) Fee Plazas (National Highway No. NE II) in the States of Haryana and Uttar Pradesh for One Year’ (Project) to PNC Infratech with effect from January 1, 2022.
PNC Infratech is an infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, airport runways, power transmission lines, development of industrial areas and other infrastructure activities. The company provides services to clients like NHAI, HSRDC, AAI, MSRDC, Rites, UPPCL, etc.
The topline of the company is growing at a 3-year CAGR of 24%. In FY22 sales stands at Rs 7208 crore. The operating profit margin and net profit margin of the company in FY22 were 21.3% and 8.1%. In Q2FY23, the revenue of the company decreased by 13% on a sequential-quarter basis and it generated Rs 132 crore of net profit.
The promoters holding in the company stood at 56.07%, while Institutions and Non-Institutions held 38.87% and 5.07%, respectively.
Trending on 5paisa
Discover more of what matters to you.
Indian Market Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.