PNC Infratech Legal Relief From Delhi High Court!

PNC Infratech surged over 10% today to ₹152.75 after securing a crucial Delhi High Court stay on NHAI’s debarment order, ensuring its projects continue unaffected. The company also recently incorporated a Kazakhstan subsidiary, strengthening its international footprint. 📊 Latest Market Performance Stock Price (13 Oct 2026): ₹152.75 intraday high (+10.74%) Sector Outperformance: Beat construction sector by 8.22 percentage points Momentum: 3 consecutive days of gains, up 11.18% in a week Technical Setup: Above 5-day & 20-day moving averages, but still below 50, 100, and 200-day averages (short-term strength, long-term resistance remains) ⚖️ Legal Relief from NHAI Debarment Delhi High Court Stay (12 Oct 2026): Halted NHAI’s debarment orders against PNC Infratech and its SPV, Awadh Expressway Pvt Ltd. Impact: Company can continue bidding and executing highway projects without disruption. Risk: Matter remains sub-judice; final ruling will determine long-term eligibility for government tenders. 🌍 Strategic Expansion New Subsidiary: PNC Infratech (Kazakhstan) incorporated to provide infrastructure services in roads & highways. Market Cap: ₹3,474.82 crore Promoter Holding: 56.07% Institutional Holding: 31.11% 🏢 Corporate Governance Updates AGM (30 Sept 2026): Re-appointed M/s NSBP & Company as statutory auditors (2-year term). Extended tenure of Pradeep Kumar Jain, Chakresh Kumar Jain, Yogesh Jain (Managing Directors) and Anil Kumar Rao (Whole Time Director) for 5 years. Appointed Rohit Kumar Singh as new independent director. 💰 Financial Snapshot (Q3 FY26) Revenue: ₹1,200.68 crore (+6.48% QoQ) Operating Profit: ₹208.32 crore (-46.62% QoQ) PAT: ₹76.75 crore (-64.43% QoQ) Margins: 17.35% operating margin, showing pressure despite revenue growth.