PNC Infratech by admin- Tuesday, October 5th, 2021 04:41:40 PM
We retain our Buy rating on PNC Infratech Limited (PNC) with a revised PT of Rs. 420, as a result of a robust order e book and healthy earnings boom outlook.
We expect assignment tendering sports to gather tempo in H2FY2022 with strong visibility over the subsequent 4-5 years. NHAI’s monetisation power through InvIT and ToT routes to ease balance sheet and drive destiny venture tendering.
FasTag issuances and bank credit score deployment towards roads continue to expose sturdy boom at some point of July and August.
Strong order e book at 3x its TTM revenue, sturdy execution, high coins go with the flow technology, and asset monetisation to pressure valuation.