PNC Infratech nears record high; stock surges 47% in two months

In the past two months, the stock has outperformed the market by surging 47 per cent, as compared to a 2 per cent rise in the Sensex.

Shares of PNC Infratech hit a 52-week high of Rs 219, up 7 per cent, in intra-day trade on the BSE on Wednesday in an otherwise subdued market after CARE reaffirmed the credit ratings assigned to the bank facilities of its subsidiaries.

The stock was trading close to its all-time high level of Rs 228, touched on December 27, 2017, on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was up marginally by 0.04 per cent or 14 points at 39,830 at 12:17 pm. A combined 467,341 shares changed hands on the counter on the NSE