News for PNC Infratech Limited (PNCINFRA.BO)

The infrastructure sector is witnessing a positive outlook driven by significant agreements between India and the UAE, promising substantial investments and growth opportunities. This article delves into the sector's performance and highlights top companies recommended by analysts based on their potential upside.

Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India's economic outperformance offer some tailwinds.

The analysis revealed that nearly 96% (255) of low beta stocks have dropped by double digits from their 52-week peak, with 5% (13 stocks) falling over 50%.

Honasa Consumer, Salasar Techno Engineering, Vakrangee, Subex, Hardwyn India and Gensol Engineering are among 276 of 938 index constituents, which have fallen 75-80% from their 52-week highs levels.

With a fall of nearly 63% from its 52-week high of Rs 474, Sun Pharma Advanced Research Company emerged as the top loser in the BSE 500 group

Stocks including Reliance Industries, Adani Enterprises, Vodafone Idea, Ola Electric, Reliance Power, Senores Pharma and more will be in the spotlight on Monday, December 30.

An analyst from StoxBox said that the pattern analysis of Bajaj Finance reveals a sideways trend over the past three years, characterized by diminishing price depth and time corrections following each price contraction.

Indian benchmark indices ended flat on December 26 as FMCG and bank corrections offset gains in auto and pharma. Analysts highlighted Niftys sideways movement below the 200 DMA, with short-term pressure and support at 23,700/23,600.

Shares of PNC Infratech advanced 7.85 per cent to hit a high of Rs 332.45 on BSE. Ramky Infrastructure added 4.73 per cent to Rs 605.50. Intellect Design Arena Ltd advance 9.04 per cent to Rs 998.

An analyst from YES Securities said that PNC Infra has shown strong upward momentum. The stock rebounded from the Rs 308-level and has successfully broken out of a 'rounding bottom' pattern.

Indian markets closed flat on Wednesday, with IT and consumer stocks gaining. Investors are awaiting US and Indian inflation data for cues on interest rate hikes. The US dollar strengthened and bond yields rose marginally.

In the Nifty 50 index, 26 stocks ended in the green, while 24 stocks closed in the red in today's trade.

PNC Infratech share price: The stock was last seen trading 11.50 per cent up at Rs 346.50. At this price, it has tanked 27.62 per cent in the past six months.

The NSE Nifty index was trading 9.86 points up at 24619.9

Stocks including Swiggy, PNB Housing, Nykaa, ACME Solar, BSE, Tata Chemicals, Varun Beverages, PNC Infratech and more will be in the spotlight on Wednesday, November 13.

Indian benchmark equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks, dragged down by slowing corporate earnings and ongoing foreign selling.

Diffusion Engineers, Unichem Labs, Tirupati Forge, Tainwala Chem and Creative Eye, hit their fresh 52-week highs during the day.

The Nifty Bank index closed 1.36 per cent down at 51257.15.

The Nifty Realty index was trading 2.46 per cent down at 1007.2.