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PNC Infratech's (PNCINFRA) share price today saw a big jump, attracting investors. The stock opened at ₹320.00, compared with the previous close of ₹294.20. It also went up to an intraday high of ₹324.75 before settling at ₹309.10 as of 11.25 am on 10 Feb 2025. This is a 5.08% rise from the previous close.
Over 49.98 lakh shares are traded today with a total value of ₹158 crore, showing strong liquidity and demand. Despite PNC Infratech stock’s recent struggles, the current movement indicates renewed investor confidence.
PNC Infratech has a market capitalization of ₹7,941 crore, which puts it in the small-cap category on the BSE. The stock's 52-week range of ₹279.00 to ₹574.80 reflects its volatility.
Infrastructure stocks have been on the rise as the government is keen on infrastructure development. The increasing capital expenditure in the sector has given a positive feel to stocks like PNC Infratech.
The trading volume of 7.53 million shares today is high, which indicates a higher interest level from investors. The VWAP is at ₹315.77, which may indicate an active buying pattern.
Pivot Level: ₹296.45
Support Levels: S1: ₹290.55, S2: ₹287.10, S3: ₹281.22
Resistance Levels: R1: ₹299.90, R2: ₹305.80, R3: ₹309.25
Now that the stock is trading near R3 resistance, a breakout could take it upwards.
TTM EPS: ₹48.32 (+87.96% YoY)
TTM PE Ratio: 6.4
P/B Ratio: 1.37
Dividend Yield: 0.19%
Book Value Per Share: ₹227.24
This company reported a 38.1% YoY increase in net profit for FY24 at ₹9,094 million as compared with ₹6,585 million for FY23. The net profit for the quarter FY25 decreased by 43.6% YoY at ₹835 million from ₹1,479 million for Q2 FY24.
Although the stock has fallen a lot in the last six months, long-term investors have not lost out by much, seeing a gain of 47.22% for the last five years.
Rajesh Sharma, a market analyst, said, "The recent rise in PNC Infratech's stock price reflects its strong fundamentals and the government’s push for infrastructure growth. Investors should monitor upcoming earnings and project announcements."
Priya Mehta, an industry expert, added, "With new projects in the pipeline and strong government support, PNC Infratech has a positive outlook. However, investors should remain cautious due to potential project delays and market volatility."
The PNC Infratech stock will depend on how efficiently it can execute projects and seize the growth of the infrastructure sector. Although financials have shown mixed results recently, its strong order book and market presence should drive future growth.
Investors should closely observe the upcoming earnings reports and project updates to understand the long-term growth prospects. If the company continues winning high-value contracts and improving profitability, the stock may see further upside in the coming months.
