PNC INFRA
Big movers on D-Street: What should investors do with Jupiter Wagons, Hudco and PNC Infra?
The benchmark indices closed nearly unchanged on Tuesday, following a record-breaking rally, as investors opted to stay on the sidelines, awaiting additional triggers.
PNC Infra shares tank 10% following CBI raid on company
PNC Infra Share Price: PNC Infratech's shares experienced a sharp decline of 10% to Rs 470 during Tuesday's trading session on the BSE. This drop occurred following news that the Central Bureau of Investigation (CBI) had conducted searches at the company's corporate office and the residences of its managing director (MD) and whole-time director.
Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
Infrastructure stocks: Stay bullish, hedge to participate in next round of re-rating: 6 infra stock with an upside potential of up to 39%
Among the sectors which have seen a strong re-rating in the last five years, probably infrastructure is amongst the top ones. Like many other sectors here also the re-rating has been largely due to policy push and government spending. If one looks at the performance of the companies in the last five years, there has been clearly strong growth across the board. So, policy continuity becomes critical for this sector and the stocks. The
Be selective in FMCG stocks, in infrastructure, wait for dips: Gurmeet Chadha
Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.
Pure domestic growth story: 7 stocks from road construction and infrastructure sector with potential upside of up to 37%
Road construction and infrastructure as a sector first came to light close to 25 years back, when then Prime Minister Atal Bihari Vajpayee, kicked off the building of road projects with the aim to join north to south and east to west part of India. After getting off the good started, somewhere in the middle, road construction and infrastructure building got entangled in different issues, Land acquisition to banks issue and many more. Around 10 years back when the current government came to power, the first area of focus was road construction and very soon things began to change. Given the scope of improvement, it is a sector which will grow for the next two decades or even more, the only condition, policy stability. Probably road construction is a sector, where the opposition ruled state and central government has maximum coordination, the reason road infrastructure is one sector which is both economically and politically earning accretive.
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Tailwinds of coordination between central and state governments: 7 companies from road construction and infrastructure sector
While government policy impacts every sector in one way or another, there are some sectors where government policy is the most important factor both for growth and survival. Why it is important, because all of the spending in that sector is done by the government, it could be central or the state government. At first, it was the central government, but if one looks at how important it has become for gaining political capital, every state government has been focusing on road and highway construction. The impact of a coordinated effort between state and central government is that the lead time for the construction of roads comes down very sharply. This has a positive impact on the bottomline of the companies, right from lower requirement of working capital to higher turnover in terms of companies being able to securitize their assets to other players or private equity funds and move on to take on other projects leading to higher growth in bottomline.
Infrastructure stocks mixed as Budget lives up to Dalal Street expectations
Analysts had expected government capex to further increase by 10-15% for FY25. In FY24, the government had pegged a capex target of Rs 10 lakh crore. Of the total outlay for FY25, the government has allocated Rs 2.78 lakh crore for the road transport and highways ministry, and Rs 2.55 lakh crore for railways.
PNC Infratech shares climb 9% on selling an equity stake in 12 road assets
PNC Infratech and PNC Infra Holdings, a wholly owned subsidiary of PNC Infratech had executed definitive agreements to sell equity stake in 12 road assets to Highways Infrastructure Trust for an enterprise value of Rs 9,005.7 crore. The road assets are in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan.
KKR's road InvIT to acquire 12 assets from PNC infratech
"The transaction is one of the largest acquisitions in the highways sector. Annuity nature of cashflows from the Target Portfolio would provide further stability to our existing portfolio. This investment is in line with our thesis of acquiring assets with long balance concession life generating predictable distributions for our unitholders," said Gaurav Chandna, head - strategic finance at Highway Concessions One.
Highway Infrastructure Trust inks pacts to acquire 12 road projects for Rs 9,005 cr
"We look forward to integrating these assets into our portfolio and to continue our journey of high-quality asset management backed by world class ESG standards," said Neeraj Sanghi, Chief Executive Officer, Highway Concessions One (Investment Manager to HIT). Gaurav Chandna, Head - Strategic Finance, Highway Concessions One (Investment Manager to HIT) said the transaction is one of the largest acquisitions in the highways sector.
Awarding of road projects remains weak in the first nine months of FY24
December was the third month after April and May where not a single project was awarded. Given the sluggish trend, analysts expect that NHAI may fall short of achieving the target of awarding 6,000 km for FY24. In such a case, FY24 may be the second consecutive fiscal year to show a drop in projects awarding. In FY23, NHAI awarded 6003 km of road projects, a year-on-year fall of 4.8%.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons could be the fact that while the earning season has been on the expected lines, the strong negative reaction in the market may be due to global market conditions which are getting into risk off mode with rising US yeild. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons could be the fact that while earning season has been one the expected lines but the strong negative reaction is largely in market is due to global market condition than domestic. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%, according to analysts
Even in volatile markets analysts are bullish on selective mid-cap stocks. One of the reasons, impact of developments in Israel has not been as hard as the street was expecting both in commodity and global equity markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
For risk takers: 5 midcap stocks from different sectors with score improvement and potential upside of up to 31%
While the nifty corrected last week, even then more mid caps stocks are joining the party. Stocks from sectors like construction, pharma fertilizer have come to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Breakout Stocks: How Suzlon, PNC Infratech and Polycab India are looking on charts for Friday’s trade
Sectorally, buying was seen in FMCG, banks, healthcare, and energy stocks while some profit-taking was seen in IT, power, and capital goods stocks. Stocks that were in focus include names like Suzlon Energy, which rose 5%, PNC Infratech closed nearly 2% higher and Polycab India closed with gains of over 9% on Thursday.
KKR’s roads InvIT to raise Rs 515 crore through rights issue
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, plans to raise INR 515 crore ($68.3m) via a rights issue. The investment vehicle comprises six road assets with more than 450 km in total length across six Indian states and is in the process of acquiring four hybrid annuity projects
Breakout Stocks: How CEAT, PNC Infratech and IOC are looking on charts for Friday
CEAT stock was in a consolidation zone for almost 5 weeks, but it managed to move out of the Symmetric Triangle pattern on Thursday at Rs 2,088. The breakout has activated a target of Rs 2,588 based on the pattern.
KKR unit plans to buy road assets from PNC for $1 billion
Private equity firm KKR's Highways Infrastructure Trust is in talks to buy a 12-road project portfolio from construction firm PNC Infratech for an enterprise value of $1.1bn. The deal would see KKR acquire 11 HAM roads and one BOT road located across the Indian states of Uttar Pradesh, Madhya Pradesh and Rajasthan. Seven of the 12 road projects are already operational, while the others are expected to become so within the next three to four months.
5 road construction & contracting focussed companies with ‘buy’ rating can rise up to 47%
The government spending on infrastructure projects, especially on roads has remained at elevated levels for many years, this had a trickle down effect on many parts of the economy and specially companies which are ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Modi govt’s road dreams may take a backseat on cash flow and debt issues
High cost inflation for road projects, cash flow challenges for road EPC companies and elevated debt levels for NHAI mean that road awards will continue the muted trends seen in FY23 and April 2023. Analysts have said that awarding of projects may slow down ahead of the general elections in 2024.
5 midcap stocks that have beaten volatile markets can rise up to 31%
Nifty might be under some pressure, but the overall equation is still in favor of bulls. From a carbon black maker to construction company to southern India focussed banks have seen an improvement along with price action supporting the bulls. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
4 stocks from infrastructure space with "Strong Buy" and "Buy" ratings can rise up to 27 %
The government spending on infrastructure projects has remained at elevated levels for the last many years, this had a trickle down effect on many parts of the economy. This time around also the budget will continue to focus on infrastructure which will make select companies stay in focus. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Budget 2023: Infra and related stocks turn attractive to investors
The government's focus to build infra, support real estate demand and ambitious plans under the national infrastructure pipeline (NIP) will increase the demand for cement companies as well.
Infra, BFSI: Key themes and stocks to focus ahead of the Budget
Axis Securities is positive on KNR Constructions, PNC Infratech, RITES, KEC International, and PSP Projects to do well among infra stocks. These stocks have given returns in the range of 2.35-12.63% so far this year on a year-to-date (YTD) basis. KEC International has offered negative 1.52% returns this year.
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