Low PE multibagger stock: This mid-cap construction company secured orders worth Rs 3,264.43 crore!
The stock has a PE of 13.11x whereas the sectoral PE is 34x and gave multibagger returns of 228.40 per cent in just 3 years.
PNC Infratech Ltd informed that it has secured orders worth Rs 3,264.43 crore from the National Highways Authority of India for Three (3) projects in hybrid annuity mode (HAM). Details Below:
Project 1: Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from the junction with Chandauli - Chainpur Road to Bhabhua - Adhaura road under Bharatmala Pariyojana in the State of Bihar. The project is worth Rs 891 crore.
Project 2: Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from the junction with Bhabhua - Adhaura Road in Bhairopur village to Konki village under Bharatmala Pariyojana in the State of Bihar. The project is worth Rs 1,113.43 crore.
Project 3: Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Pachmon village to Anarbansalea village under Bharatmala Pariyojana in the State of Bihar. The project is worth Rs 1,260 crore.
PNC Infratech Limited is one of the front-ending infrastructure projects, including highways, bridges, flyovers, power transmission lines and towers, airport runways, industrial area development and other infrastructure activities.
The stock has a PE of 13.11x whereas the sectoral PE is 34x. The stock gave multibagger returns of 228.40 per cent in just 3 years.
Today, shares of PNC Infratech Ltd plunged 0.71 per cent to Rs 286.70 per share with an intraday high of Rs 300 and intraday low of Rs 281.20. Investors should keep an eye on this Mid-Cap stock.