{"id":85655,"date":"2026-05-22T15:04:12","date_gmt":"2026-05-22T09:34:12","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2026\/05\/22\/brokerages-see-up-to-48-upside-on-pnc-infratech-post-q4fy26-execution-recovery-order-book-visibility-key-triggers-stock-surges-34-since-fy27\/"},"modified":"2026-05-22T15:04:12","modified_gmt":"2026-05-22T09:34:12","slug":"brokerages-see-up-to-48-upside-on-pnc-infratech-post-q4fy26-execution-recovery-order-book-visibility-key-triggers-stock-surges-34-since-fy27","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2026\/05\/22\/brokerages-see-up-to-48-upside-on-pnc-infratech-post-q4fy26-execution-recovery-order-book-visibility-key-triggers-stock-surges-34-since-fy27\/","title":{"rendered":"Brokerages See Up To 48% Upside On PNC Infratech Post Q4FY26; Execution Recovery, Order Book Visibility Key Triggers; Stock Surges 34% Since FY27"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>New Delhi [India], May 22: <\/strong>Leading brokerage houses including ICICI Securities, HDFC Securities and\u00a0JM\u00a0Financial Institution\u00a0remain positive on PNC Infratech following its Q4FY26 earnings. Analysts expect a gradual recovery in revenues over FY27 and FY28, supported by a healthy executable order book, improving order inflows, and ramp-up in execution across key projects.\u00a0Analysts believe the company is well positioned for a recovery cycle as execution intensity improves and newer business verticals scale up.<\/p>\n<ul class=\"wp-block-list\">\n<li>Leading brokerages remain constructive on PNC Infratech, citing recovery in execution, strong order book visibility and improving order inflows as key medium-term growth drivers.<\/li>\n<\/ul>\n<ul class=\"wp-block-list\">\n<li>Analysts highlighted the company\u2019s diversification into renewables, mining and water infrastructure as a\u00a0key\u00a0positive that could support future revenue growth.<\/li>\n<li>Brokerage target prices imply up to ~48% upside from current market levels, with confidence in PNC\u2019s balance sheet strength and margin stability.<\/li>\n<\/ul>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Brokerage Firm<\/strong><\/td>\n<td><strong>Rating Maintained<\/strong><\/td>\n<td><strong>Target Price (\u20b9)<\/strong><\/td>\n<td><strong>Potential Upside (<\/strong><strong>%)*<\/strong><\/td>\n<\/tr>\n<tr>\n<td>JM Financial Institution<\/td>\n<td>Buy<\/td>\n<td>315<\/td>\n<td>48%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Securities<\/td>\n<td>Buy<\/td>\n<td>304<\/td>\n<td>43%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Securities<\/td>\n<td>Buy<\/td>\n<td>290<\/td>\n<td>36%<\/td>\n<\/tr>\n<tr>\n<td>Ambit Capital<\/td>\n<td>Buy<\/td>\n<td>276<\/td>\n<td>29%<\/td>\n<\/tr>\n<tr>\n<td>Axis Capital<\/td>\n<td>Buy<\/td>\n<td>250<\/td>\n<td>17%<\/td>\n<\/tr>\n<tr>\n<td>Nuvama\u00a0Institutional Equities<\/td>\n<td>Hold<\/td>\n<td>235<\/td>\n<td>10%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p class=\"wp-block-paragraph\">Potential upside calculated based on PNC Infratech\u2019s closing market price of \u20b9213.15\u00a0as of 21<sup>st<\/sup>\u00a0May. Note: Above list of analyst recommendations is not exhaustive.<\/p>\n<p class=\"wp-block-paragraph\">Brokerage house HDFC Securities maintained its \u2018Buy\u2019 rating with a target price of \u20b9304, highlighting expectations of a recovery in execution and order inflows during FY27. The brokerage noted that PNC\u2019s order book stood at around \u20b9180 billion as of March 2026, providing strong revenue visibility. HDFC Securities also pointed to new business segments such as renewables and mining to aid order inflows, while the cash inflows from asset monetization to Vertis contributed to the healthy cash buffer of PNC.<\/p>\n<p class=\"wp-block-paragraph\">Broking firm\u00a0ICICI Securities upgraded the stock to\u00a0\u2018Buy\u2019 with a target price of \u20b9290, citing improving execution visibility and a strong executable order book. The brokerage expects revenue and earnings recovery over FY26-28E aided by pick-up in project execution, commencement of recently secured projects.<\/p>\n<p class=\"wp-block-paragraph\">Ambit Capital retained its \u2018Buy\u2019 rating with a target price of \u20b9276 and noted that the company has been able to maintain EBITDA margins despite weak execution trends over the last few quarters. The brokerage highlighted that diversification beyond roads, particularly in water\u00a0infrastructure and other emerging segments, has helped PNC gradually rebuild its executable order book.<\/p>\n<p class=\"wp-block-paragraph\">Meanwhile,\u00a0Nuvama\u00a0Institutional Equities maintained a \u2018Hold\u2019 rating with a target price of \u20b9235, while acknowledging improving\u00a0segmental\u00a0diversification in the company\u2019s order\u00a0book\u00a0growth. The brokerage noted that management is targeting a higher share of non-road projects in future order inflows\u00a0with\u00a030\u201335% of future order inflows coming\u00a0from\u00a0segments like\u00a0solar, battery energy storage systems and\u00a0urban development projects.<\/p>\n<p class=\"wp-block-paragraph\">Brokerages broadly expect order inflow momentum and execution recovery to remain the key\u00a0monitorable\u00a0for the company over the next few quarters.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], May 22: Leading brokerage houses including ICICI Securities, HDFC Securities and\u00a0JM\u00a0Financial Institution\u00a0remain positive on PNC Infratech following its Q4FY26 earnings. Analysts expect a gradual recovery in revenues over FY27 and FY28, supported by a healthy executable order book, improving order inflows, and ramp-up in execution across key projects.\u00a0Analysts believe the company is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":85656,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3],"class_list":["post-85655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/85655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=85655"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/85655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/85656"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=85655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=85655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=85655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}