Why PNC Infratech is a good stock to accumulate - The Hindu BusinessLine
Why PNC Infratech is a good stock to accumulate Healthy order inflows, with sustained margins, augur well for the company By increasing the capital expenditure outlay for FY22 and opening up various other avenues for funding, the Centre, through its Budget announcements, reiterated its focus on the infrastructure space. The capex for the road sector in particular has been increased by 18 per cent over the budgeted estimate of FY21 to ₹1.7 lakh crore in FY22. Infrastructure stocks are, therefore, witnessing increased investor traction on expectations of a sustained momentum in order inflows....
Source: thehindubusinessline.com