Home / Markets / News / PNC Infratech jumps 16% on receipt of LOA for HAM project of Rs 1,412 cr

PNC Infratech jumps 16% on receipt of LOA for HAM project of Rs 1,412 cr

The project is to be constructed in 24 months and operated for 15 years post construction.

Broader market outperforms in May for the first time since January

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PNC Infratech's shares had a hit a 52-week high of Rs 219.40 on July 3, 2019 while its all-time high level stands at Rs 228, touched on December 26, 2017.

SI Reporter New Delhi

2 min read Last Updated : Jun 26 2020 | 9:46 AM IST

Shares of PNC Infratech rallied as much as 16.5 per cent to Rs 155 apiece on the BSE on Friday after the company announced it has received Letter of Award (LOA) from National Highways Authority of India (NHAI) for HAM Project of Rs 1,412 crore.

At 09:27 am, the stock was trading around 7.5 per cet higher at Rs 143 on the BSE. In comparison, the S&P BSE Sensex was ruling 0.78 per cent higher at 35,115.30 levels.

PNC Infratech's shares had a hit a 52-week high of Rs 219.40 on July 3, 2019 while its all-time high level stands at Rs

Topics : PNC Infratech Buzzing stocks NHAI Markets Sensex Nifty

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