New Delhi, May 22 -- Domestic brokerage firms have maintained a positive outlook on PNC Infratech following the company's March quarter performance, expecting a gradual recovery in revenues over FY27 and FY28, supported by a healthy executable order book, improving order inflows, and a ramp-up in execution across key projects.

Analysts expect the stock to rise up to Rs.315 apiece, implying a potential upside of nearly 46% from Friday's closing price of Rs.215. They noted that the company is well-positioned for a recovery cycle as execution intensity improves and newer business verticals scale up.

Brokerage firm HDFC Securities maintained its 'Buy' rating with a target price of Rs.304, highlighting expectations of a recovery in execution...