Bengaluru, June 10 -- JM Financial and Geojit Financial have outlined their bullishness on this leading infrastructure-based company. In this article, we will discuss about the rationale behind this upgrade.

With a market capitalization of Rs 8,044 crores, the shares of PNC Infratech Ltd are currently trading at Rs 314 per share, down by 41.8 percent from its 52-week high of Rs 539 per share. Over the past five years, the stock has delivered a return of 151 percent.

Leading brokerage, JM Financial, has lowered its target price to Rs 450 per share, down from Rs 470 per share earlier, signalling an upside potential of 43.31 percent from its current level.

It cited robust growth in FY25 along with a healthy balance sheet. Monetization pro...