{"id":423101,"date":"2021-06-29T12:14:44","date_gmt":"2021-06-29T06:44:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=423101"},"modified":"2021-06-29T12:14:44","modified_gmt":"2021-06-29T06:44:44","slug":"pnc-infra-nomuras-preferred-stock-pick-in-road-epc-space","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pnc-infra-nomuras-preferred-stock-pick-in-road-epc-space\/","title":{"rendered":"PNC Infra Nomura&#8217;s preferred stock pick in road EPC space"},"content":{"rendered":"<p>Mumbai: Foreign brokerage Nomura said PNC Infratech NSE 1.08 % is its preferred pick in the road engineering, construction and procurement space due to a combination of strong execution, robust balance sheet and relatively inexpensive valuations. Retaining a buy recommendation, Nomura has lifted target price to Rs 385 from Rs 364 on stronger order inflow prospects and execution outlook.<\/p>\n<p>&#8220;PNC has delivered ahead of management guidance with FY21 revenue at Rs 4,930 crore, exceeding the FY20 level of Rs 4,877 crore&#8230;with a strong order book of Rs 1650 crore at the end of FY21, PNC can deliver at least two years of strong revenue growth, significantly ahead of consensus estimates,&#8221; said Nomura.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Foreign brokerage Nomura said PNC Infratech NSE 1.08 % is its preferred pick in the road engineering, construction and procurement space due to a combination of strong execution, robust balance sheet and relatively inexpensive valuations. Retaining a buy recommendation, Nomura has lifted target price to Rs 385 from Rs 364 on stronger order inflow prospects and execution outlook. &#8220;PNC has delivered ahead of management guidance with FY21 revenue at Rs 4,930 crore, exceeding the FY20 level of Rs 4,877 crore&#8230;with a strong order book of Rs 1650 crore at the end of FY21, PNC can deliver at least two [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,193,136],"tags":[],"class_list":["post-423101","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=423101"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/423101\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=423101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=423101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=423101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}