Anand Rathi has given Buy recommendation for PNC Infratech with a target price of Rs. 323 in its research report issued on Jun 29, 2021
Anand Rathi’s research report on PNC Infratech
The recently-received appointed dates for a host of new orders pave the way for PNC Infratech to further build on the strong FY21 close. Hence, an even better scale of operations is in sight. The continuing net cash balance sheet is an augury, ensuring that the execution ramp-up is swift and bidding capacity, buoyant. Success with asset monetisation efforts underway hold potential to add further strength to the balance sheet and, in turn, heighten growth prospects.
With key growth requisites in place and them paving the way to a brighter future, we retain our Buy rating with a higher TP of Rs323 (from Rs311 earlier).