The project was due on December 31, 2024, but was completed by October 31, 2024
Earlier, during its annual general meeting on September 28, 2024, the company had approved the sale of 12 road assets
The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.
The fall in PNC Infratech share price came after the company reported a weak set of numbers in the September quarter of financial year 2025 (Q2FY25)
Reliance could seek support around its 100-WMA in the run-up to the bonus record date; Whereas, PNC Infratech too has witnessed a 'Death Cross' and could slide another 21% from here on.
The BSE SmallCap index, the top loser among broader market indices, slipped 1,261 points or 2.3 per cent at 54,387, at 10:30 AM
PNC Infratech plunged 18% to Rs 299 in intra-day trade on Tuesday, with a combined 7.25 million shares representing 2.82% of total equity having changed hands on the NSE and BSE till 09:42 AM
PNC Infra along with its arms PNC Khajuraho and PNC Bundelkhand Highways, has been disqualified from participating in any tender process by the MoRTH for a period of 1 year, starting from Oct 18.
Shares of civil construction firm PNC Infratech soared as much 6.1 per cent at Rs 467.75 per share on the BSE in Monday's intraday trade
The PNC Infratech share soared after the company announced that it has been declared at the lowest bidder for a project of Rs 2,090.59 crore from CIDCO
The PNC Infratech stock soared after the company announced that it has emerged as the lowest bidder (L-1) for a project worth Rs 380 crore.
ICICI Securities believe there could be an interim overhang until there is clarity and final decision from NHAI is taken.