New Delhi, March 7 -- Afcons Infrastructure share price traded higher on Friday and the stock has more upside potential of over 22% in the next twelve months, analysts said. Afcons Infrastructure shares gained as much as 1.8% to Rs.445.80 apiece on the BSE.

Afcons Infrastructure is the flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group. It has delivered a consistent performance over the past decade on various operational parameters. Among listed EPC companies of a certain scale, Afcons Infrastructure has the highest revenue, EBITDA and PAT CAGR over FY09-24.

Brokerage firm Nuvama Institutional Equities initiated coverage on Afcons Infrastructure shares with a 'Buy' rating, and a target price of ...