PNC Infratech more than doubled its consolidated net profit for the June 30 quarter end to Rs 54.20 crore. The company's net profit in the year-ago period was seen at Rs 22.13 crore,according to the company. Consolidated total income remained almost stagnant at Rs 684.44 crore throughout the quarter under review. The company had disclosed a total income of Rs 686.68 crore during the same period a year ago. Its total expenses reduced to Rs 610.81 crore during the quarter as against Rs 650.31 crore in the corresponding quarter a year ago. PNC Infratech is an infrastructure, construction, development and management company which possesses expertise in execution of major infrastructure projects, such as highways, bridges, flyovers and airport runways.
The stock was quoting at Rs. 121 and closed at Rs. 120.95. The stock saw a spurt in volume on two consecutive days on 24th August by more than 2.18 times and on 23rd August by more than 2.29 times.
As per the data of 24th August the lower price band of the share is Rs. 96.80 and the upper price band is Rs.145.10. The 52 week high of PNC Infratech share price is observed at Rs. 122.85 on 24th August ‘16 while the 52 week low is seen at Rs. 81.60 on 25th August ‘15. The Average Daily Movement of the stock is 4.11 and its average volume for last 20 days is 30094. The stock yields 6.55% monthly returns and has the PE ratio of 12.79. The market cap of the company amounts to Rs. 3102.84 (Cr) and has a book value of Rs.37.92.
In order to acquire further details on the support and resistance refer to PNC Infratech share price forecast.
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