PNC Infratech's Project Execution Likely to Be Key to Revenue Growth -- Market Talk

Dow Jones
Feb 12

0730 GMT - PNC Infratech's project execution likely remains key to revenue growth, Axis Securities analysts say in a research report. Management expects FY 2026 revenue to decline by 10%, mainly due to slower project execution caused by delays in receiving appointed dates for projects, the analysts note. The National Highways Authority of India plans to award more projects, while revising project execution norms and streamlining the land acquisition process to quicken overall execution, the analysts say. However, the slower pace of awarding of projects is still a major concern for the sector. The brokerage lowers the stock's target price to INR240.00 from INR290.00 with an unchanged hold rating. Shares are down 2.0% at INR219.25. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 12, 2026 02:30 ET (07:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10