PNC Infratech shares jumped over 4% on February 10 after the company and its subsidiaries received relief from the Ministry of Road Transport and Highways (MoRTH). The ministry has significantly reduced their disqualification period for participating in tenders, boosting investor confidence.
MoRTH’s latest order, issued on February 6, 2025, shortens the debarment period from one year to just four months. The initial disqualification, imposed on October 18, 2024, was challenged by PNC Infra, leading to the ministry’s revised decision. The restriction will now be lifted in February 2025, subject to NHAI procedures.
PNC Infratech shares opened at ₹320.00, reaching a high of ₹324.75 and a low of ₹300.30. The stock remains volatile, trading close to its 52-week low of ₹279.00, far from its high of ₹574.80. As of 12:14 PM, the shares were trading 2.50% higher at Rs 301.55.
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