PNC Infratech Shares Extend Rally for 7th Straight Session Amid Fresh Project Win

Market Performance

PNC Infratech shares continued their upward momentum for the seventh consecutive trading session on April 23, 2025. The stock rose over 2.35% in early trade, reflecting growing investor confidence following a significant infrastructure project win.

• Opening Price: ₹285.60
• Day's Gain: ₹6.55
• Percentage Rise: 2.35%
• Market Capitalisation: ₹7,326.76 crore

The stock remains 50.29% below its 52-week high of ₹574.50 (touched on May 27, 2024), yet is now trading 21.17% above its recent 52-week low of ₹235.70 (recorded on April 7, 2025).

Main News: Project Win Boosts Sentiment

PNC Infratech shares got a fresh boost after the company was announced as the lowest bidder (L1) for a key flyover project in Rajasthan. The announcement has stirred positive sentiment among market participants.

Key Details of the Project:

• Project Name: Construction of flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur City, Rajasthan
• Mode of Execution: EPC (Engineering, Procurement, and Construction)
• Contract Value: ₹239.94 crore
• Project Duration: 24 months

This win reinforces PNC Infratech's strong presence in the infrastructure development space and reflects its ability to secure competitive bids.

Company Details

PNC Infratech, known for executing large-scale infrastructure projects, has been active in multiple states, strengthening its position in the EPC sector. The company's recent performance on the stock exchange is closely tied to its operational achievements, as shown in this latest project.

Despite the 43% decline in share price over the last nine months, the current uptrend and recent order win signal a potential turnaround in investor sentiment.

Summary

PNC Infratech shares are gaining momentum as the company continues to secure high-value projects, such as the ₹239.94 crore flyover in Bharatpur. With the stock rebounding from recent lows and maintaining a steady rise for seven days, market watchers are paying closer attention to the company's strategic wins and execution capabilities.