Price target change, Top Picks: On back of strong inflows we increase PNC FY19/20E EPS 14.8/39.3% and TP from Rs 250 to Rs 322. We change KNR FY20E EPS by 10% and TP from Rs 364 to Rs 385/sh. Top Picks: PNC, KNR, Ashoka Buildcon, Sadbhav & Dilip. Record FY18 ordering, More to come in FY19E: NHAI awarded ~7,400km/Rs 1.2tn of projects in FY18E and looks to better this number in FY19E with a ~8,000km target. 1QFY19E has been muted with 3,700km bids out for tendering but only 150km has been awarded. NHAI and MORTH are targeting to award 3,700km by Sep-18 and balance 4,300km in 2HFY19E. This shall continue to lend visibility to order momentum.