New Delhi, April 22 -- PNC Infratech share price surged nearly 14% on Wednesday, extending rally for the second session, after the company emerged as lowest bidder in two NHAI projects. The small-cap stock rallied as much as 13.72% to Rs.237.00 apiece on the BSE.

The rally in PNC Infratech share price was also supported by heavy trading volumes. Around 95 lakh equity shares of PNC Infratech changed hands on stock exchanges, significantly higher than its one week average trading volume of 5 lakh shares, and one month average volumes of 7 lakh shares.

Infrastructure company PNC Infratech said that it emerged as the First Lowest (L1) bidder in tenders floated by National Highways Authority of India (NHAI) for two HAM based National Highway...