Infrastructure stocks in focus; PNC, HG Infra, Ashoka Buildcon soar upto 7%

HG Infra and PNC Infratech hit respective 52-week highs in trades so far on Monday

Shares of infrastructure companies were in focus with H G Infra Engineering, Ashoka Buildcon and PNC Infrastructure rallying up to 7 per cent on winning construction orders from the National Highway Authority of India (NHAI).

Ashoka Buildcon surged 6 per cent to Rs 90.90 on the BSE in Monday’s intra-day trade after the company on Saturday said it received a letter of intent (LoI) from Dakshinanchal Vidyut Vitran Nigam for the development of distribution infrastructure in Aligarh and Agra for a total outlay of Rs 807.64 crore.

The company will develop distribution infrastructure at Aligarh-2 Zone, which is