Latest news with #PNCInfratech
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Business Standard
15 hours ago
- Business
- Business Standard
Stock Market LIVE: Sensex, Nifty trade flat; IT, defence stocks crack; pharma, realty lead gains
Sensex Today | Stock Market LIVE Updates on Tuesday, July 29, 2025: In the broader markets, the Nifty MidCap index was trading 0.2 per cent up, while the Nifty SmallCap index was down 0.03 per cent 12:01 PM Stock Market LIVE Updates: 12:00 PM market update Stock Market Live Updates: Benchmark indices took a volatile trajectory on Tuesday as uncertainty over the trade deal between the US and India continued to drag investor sentiment. At 12:00 PM, BSE Sensex was trading at 80,823.25 level, down by 67 points or 0.08 per cent. Whereas, Nifty50 was trading at 24,675.65 level, down by 0.02 per cent or 5 points. From the Sensex pack, Bharat Electronics Ltd. (BEL), Axis Bank, Eternal (Zomato), Tata Consultancy Services (TCS) and Titan were among the top losers. On the flip side, Bharti Airtel, L&T, Tata Motors, Reliance and Adani Ports were among the top gainers. 11:48 AM Stock Market LIVE Updates:PNC Infratech shares advance 5% on winning ₹2,956-crore order; Details Stock Market LIVE Updates: PNC Infratech shares gained 5.4 per cent, logging an intra-day high at ₹314.85 per share. At 11:21 AM, PNC Infratech share price was trading 3.02 per cent higher at ₹307.45 per share on BSE. In comparison, the BSE Sensex slipped 0.05 per cent to 80,849.19. The market capitalisation of the company stood at ₹7,887.3 crore. The 52-week high of the company stood at ₹529.8 per share, and the 52-week low was at ₹235.7. The stock gained after the company emerged as an L1 Bidder in a tender floated by South Eastern Coalfields. The project is worth ₹2956.66 crore and has to be executed within five years. READ MORE 11:28 AM Stock Market LIVE Updates: Paradeep, Punjab Chem at 52-week high; what's driving agri stocks today? Stock Market LIVE Updates: Shares of agriculture-related companies like Paradeep Phosphates, Mangalore Chemicals & Fertilizers, Punjab Chemicals & Crop Protection and Southern Petrochemicals Industries Corporation (SPIC) hit their respective 52-week highs, as they rallied up to 17 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes. NACL Industries, Rallis, Gujarat State Fertilizers & Chemicals, Dhanuka Agritech, Sharda Cropchem, Insecticides (India) and Coromandel International were trading higher in the range of 2 per cent to 6 per cent. In comparison, the BSE Sensex was down 0.15 per cent at 80,768 at 10:20 AM. READ MORE 11:05 AM Stock Market LIVE Updates: Benchmarks at 11:00 AM Stock Market LIVE Updates: Benchmark equity indices continued their volatile trajectory as uncertainty over India-US trade deal kept the overall market sentiment jittery. At 11:00 AM, BSE Sensex was trading down by 177 points or 0.22 per cent, quoting 80,713.49. Whereas, Nifty50 was trading at 24,645.35 level, down by 35 points or 0.14 per cent. 10:46 AM Stock Market LIVE Updates:TCS stock hits 33-month low; Jefferies, YES Securities' take on what's next Stock Market LIVE Updates: Shares of Tata Consultancy Services (TCS) slipped 1 per cent to ₹3,058.10 on the BSE during Tuesday's intra-day trade, hitting their lowest level in 33 months. The stock of the information technology (IT) major is trading lower for the fourth straight day, falling 4 per cent after the company said it would lay off about 2 per cent or 12,260 employees of its global workforce. The stock has fallen below its previous low of ₹3,060.25, touched on April 7, 2025 and is trading at its lowest level since October 2022. Thus far in the calendar year 2025 (CY25), the stock has underperformed the market by falling 25 per cent, as compared to a 3 per cent rise in the BSE Sensex. READ MORE 10:36 AM Stock Market LIVE Updates: Benchmarks at 10:30 AM Stock Market LIVE Updates: Equity benchmark indices are trading with extreme volatility on Tuesday. The BSE Sensex is quoting at 80,740, lower by 151 points or 0.19 per cent. It has hit a high of 80,991 and a low of 80,575 so far in trade. Similarly, the Nifty50 index is at 24,640, lower by 41 points or 0.17 per cent. The index has, so far, touched a high of 24,727 and a low of 24,599 on the NSE. In the broader markets, the Nifty MidCap index is trading flat with a negative bias, while the Nifty SmallCap is down by 0.39 per cent. 10:25 AM Stock Market LIVE Updates: L&T wns 'ultra-mega' order for Hydrocarbon offshore business Stock Market LIVE Updates: L&T share price was on investor radar after the company informed the stock exchanges that its Hydrocarbon Offshore business vertical (L&T Energy Hydrocarbon Offshore) has secured an ultra-mega order from a prestigious client in the Middle East. Notably, the value of 'Ultra-mega' orders is more than ₹15,000 crore. 10:04 AM Stock Market LIVE Updates: Torrent Pharma gains over 2% after Q1 results Stock Market LIVE Updates: The pharma major reported a 20 per cent rise in net profit for the quarter ended June 30, 2025, to ₹548 crore from ₹457 crore reported in the corresponding quarter of the previous fiscal year. Consolidated revenue from operations figure stood at ₹3,178 crore, an 11 per cent increase from ₹2,859 crore. Operational earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter under review stood at ₹1,032 crore, signalling an increase of 14 per cent year-on-year (Y-o-Y). READ MORE 9:44 AM Stock Market LIVE Updates: IndusInd Bank share price trades higher post Q1 Stock Market LIVE Updates: IndusInd Bank shares were rose nearly 1.7 per cent in the intraday trade today, hitting a high of ₹818.6 per share on the BSE. The rise in IndusInd Bank's stock came after the private lender reported a slight improvement in its quarterly earnings on a sequential basis. The numbers, however, remained weak Y-o-Y. IndusInd Bank Q1 results The private sector lender reported a 72 per cent Y-o-Y fall in net profit to ₹604 crore in the Q1FY26. The bank's net interest income (NII) dropped 14 per cent Y-o-Y to ₹4,640 crore due to a shrinking loan book. On a sequential basis, NII was up 52 per cent. Connect with us on WhatsApp
Business Standard
15 hours ago
- Business
- Business Standard
PNC Infratech successfully bids for Rs 2,956.65 cr project of South Eastern Coalfields
PNC Infratech has emerged L1 (First Lowest) Bidder in a tender floated by South Eastern Coalfields (SECL) for "Handling, Transport and Other Mining Services - Hiring of HEMM for OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations at Gevra OCP Expansion Project in the state of Chhattisgarh" for a quoted amount of Rs. 2,956.65 crore exclusive of GST. The financial bids were opened on 28 July 2025.
Business Standard
15 hours ago
- Business
- Business Standard
PNC Infratech rises after emerging as L1 bidder for SECL mining contract
PNC Infratech rose 3.37% to Rs 308.50 after the company announced that it has emerged as the L1 (first lowest) bidder for a mining services contract worth Rs 2956.66 crore from South Eastern Coalfields (SECL), Bilaspur and Chhattisgarh. The project includes handling, transport, and other mining services. This involves hiring heavy earthmoving machinery for overburden removal and coal extraction using a surface miner. It also covers loading and transporting the extracted coal to different locations in the Gevra OCP expansion project in Chhattisgarh. The total quoted value of the contract is Rs 2,956.66 crore, and it will be carried out over five years. PNC Infratech is one of the foremost Indian infrastructure investment, development, construction, operation, and management companies in India. The company provides end-to-end infrastructure implementation solutions that include design, engineering, procurement, construction, and O&M services on EPC, "Design-Build-Finance-Operate-Transfer" (DBFOT), Toll, Annuity, Hybrid Annuity, Operate-Maintain-Transfer, and other formats, under one roof. The companys consolidated net profit slumped 81% to Rs 75.48 crore on a 34.5% drop in net sales to Rs 1704.11 crore in Q4FY25 over Q4 FY24.
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Business Standard
15 hours ago
- Business
- Business Standard
PNC Infratech shares advance 5% on winning ₹2,956-crore order; Details
PNC Infratech shares gained 5.4 per cent, logging an intra-day high at ₹314.85 per share. At 11:21 AM, PNC Infratech share price was trading 3.02 per cent higher at ₹307.45 per share on BSE. In comparison, the BSE Sensex slipped 0.05 per cent to 80,849.19. The market capitalisation of the company stood at ₹7,887.3 crore. The 52-week high of the company stood at ₹529.8 per share, and the 52-week low was at ₹235.7. What led to rally in PNC Infratech shares? The stock gained after the company emerged as an L1 Bidder in a tender floated by South Eastern Coalfields. The project is worth ₹2956.66 crore and has to be executed within five years. Under the contract, PNC Infratech will be hiring heavy mining equipment (HEMM) for overburden removal and coal extraction using surface miners, along with loading and transporting the coal to various locations at the Gevra OCP Expansion Project in Chhattisgarh. "We hereby inform you that our company has emerged Ll (First Lowest) Bidder in a tender floated by South Eastern Coalfields Limited (SECL) for "Handling, Transport and Other Mining Services - Hiring of HEMM for OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations at Gevra OCP Expansion Project in the state of Chhattisgarh," the filing read. About PNC Infratech PNC Infratech is an infrastructure development and construction company in India. The company specialises in executing large-scale projects across highways, bridges, airports, power transmission, water supply, and urban infrastructure. Known for its strong execution capabilities, PNC Infratech has delivered several landmark projects, including sections of the Yamuna Expressway, Purvanchal Expressway, and airport runway expansions at Varanasi and Allahabad. The company undertakes Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects, ensuring a diversified portfolio that spans road construction, urban development, and water management under initiatives like the Jal Jeevan Mission. With a robust order book driven by contracts from agencies like NHAI and state governments, PNC Infratech is a key contributor to India's infrastructure growth.
Economic Times
17 hours ago
- Business
- Economic Times
PNC Infratech shares surge over 5% after Rs 2,957-crore mining contract win in Chhattisgarh
Live Events PNC Infratech shares target price (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of PNC Infratech surged 5.5% to their day's high of Rs 314.85 on the BSE on Tuesday after the infrastructure company emerged as the L1 (lowest) bidder for a mining services contract awarded by South Eastern Coalfields Limited (SECL), Bilaspur, project involves overburden removal, coal extraction using surface miners, and the loading and transportation of coal to various destinations at the Gevra OCP Expansion Project . The total quoted value of the contract stands at Rs 2,956.66 crore, excluding GST. Financial bids for the project were opened on July 28, 2025. The contract duration is five month, PNC Infratech also announced receiving a Letter of Acceptance (LoA) from the Public Works Department (PWD), Rajasthan, for the construction of a flyover in Bharatpur Rs 239.94 crore project involves the construction of a flyover from Heeradas Chouraha to Kumher Gate Chouraha and will be executed under an engineering, procurement and construction (EPC) contract. The project is expected to be completed within two to Trendlyne, the average target price for PNC Infratech is Rs 388, implying an upside of about 30% from current levels. Among the 16 analysts tracking the stock, the consensus recommendation is 'Strong Buy'.In Monday's trade, the stock closed at Rs 298.45, down 1.78%. While it has gained over 8% in the past three months, the stock remains 42% lower over the last 12 months. It hit a 52-week high of Rs 529.80 on July 29, 2024, and a 52-week low of Rs 235.70 on April 7, 2025.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
