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Broker Research reports: All reports for Industry - Roads & Highways

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	18 Aug 2025	PNC Infratech	Axis Direct Reco Target	278.20	310.00	309.40 (-10.08%)	Target met	Hold	pdf post cache		Broker Report Result Update:PNC Infratech Axis Direct We change our BUY recommendation on the stock to HOLD pdf Copy Link Share on Share on Share on Share on Alert
	16 Aug 2025	PNC Infratech	ICICI Securities Limited Reco Target	278.20	310.00	308.35 (-9.78%)	Target met	Hold	pdf post cache		Broker Report A weak print; execution risk heightened with entry into new segments ICICI Securities Limited PNC reported a weak Q1FY26 with revenue down 13% YoY to INR 11.4bn (adjusted), EBITDA down 11% YoY to INR 1.4bn, margins stable at 12.4%, and PAT declining 15% YoY to INR 0.8bn. pdf Copy Link Share on Share on Share on Share on Alert
	15 Aug 2025	IRB Infrastructure	Motilal Oswal Target	42.35	50.00	45.37 (-6.66%)	18.06	Neutral	pdf post cache		Broker Report Decent operating performance, in line with estimates Motilal Oswal IRB’s revenue grew 13% YoY (in line) to ~INR21b in 1QFY26. Revenue included gains on InvIT & related assets as per fair value measurement, and dividend/interest income from InvITs & related assets. pdf Copy Link Share on Share on Share on Share on Alert
	17 Feb 2025	Dilip Buildcon	IDBI Capital Target	475.10	443.00	415.20 (14.43%)	Target met	Hold	pdf post cache		Broker Report Dilip Buildcon: Q3FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	12 Feb 2025	Ashoka Buildcon	IDBI Capital	200.11	264.00	232.00 (-13.75%)	31.93	Hold	pdf post cache		Broker Report Ashoka Buildcon: Q3FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	12 Feb 2025	PNC Infratech	IDBI Capital Target	278.20	327.00	277.65 (0.20%)	Target met	Hold	pdf post cache		Broker Report PNC Infratech: Q3FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	18 Nov 2024	PNC Infratech	Axis Direct Target	278.20	300.00	302.40 (-8.00%)	Target met	Hold	pdf post cache		Broker Report Result Update:PNC Infratech Axis Direct We maintain our HOLD recommendation on the stock pdf Copy Link Share on Share on Share on Share on Alert
	18 Nov 2024	Dilip Buildcon	IDBI Capital Target	475.10	494.00	432.70 (9.80%)	Target met	Hold	pdf post cache		Broker Report Dilip Buildcon: Q2FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	17 Nov 2024	PNC Infratech	IDBI Capital Target	278.20	339.00	302.40 (-8.00%)	Target met	Hold	pdf post cache		Broker Report PNC Infratech: Q2FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	14 Nov 2024	Ashoka Buildcon	IDBI Capital Reco Target	200.11	264.00	229.73 (-12.89%)	Target met	Hold	pdf post cache		Broker Report Ashoka Buildcon: Q2FY25 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	22 Oct 2024	PNC Infratech	Geojit BNP Paribas	278.20		342.30 (-18.73%)		Neutral	pdf post cache		Broker Report PNC INFRATECH LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	21 Oct 2024	PNC Infratech	ICICI Direct Reco Target	278.20	400.00	366.80 (-24.15%)	Target met	Hold	pdf post cache		Broker Report PNC Infratech ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	13 Sep 2024	PNC Infratech	Geojit BNP Paribas Target	278.20	526.00	459.10 (-39.40%)		Accumulate	pdf post cache		Broker Report PNC INFRATECH LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	21 Aug 2024	Dilip Buildcon	Geojit BNP Paribas Target	475.10	605.00	528.00 (-10.02%)		Accumulate	pdf post cache		Broker Report DILIP BUILDCON LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	13 Aug 2024	PNC Infratech	Axis Direct Target	278.20	465.00	484.40 (-42.57%)	Target met	Hold	pdf post cache		Broker Report Result Update:PNC Infratech Axis Direct We maintain our HOLD recommendation on the stock. pdf Copy Link Share on Share on Share on Share on Alert
	25 Jun 2024	PNC Infratech	Geojit BNP Paribas Reco Target	278.20	525.00	489.80 (-43.20%)	Target met	Hold	pdf post cache		Broker Report PNC INFRATECH LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	27 May 2024	PNC Infratech	Axis Direct Reco Target	278.20	505.00	527.75 (-47.29%)	Target met	Hold	pdf post cache		Broker Report Result Update:PNC Infratech Axis Direct We change our recommendation form BUY to HOLD on recent appreciation in stock price and lower EBITDA margin guidance. pdf Copy Link Share on Share on Share on Share on Alert
	27 May 2024	PNC Infratech	IDBI Capital Target	278.20	597.00	527.75 (-47.29%)		Hold	pdf post cache		Broker Report PNC Infratech: Q4FY24 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
	24 May 2024	Dilip Buildcon	Geojit BNP Paribas Target	475.10	489.00	426.40 (11.42%)	Target met	Accumulate	pdf post cache		Broker Report DILIP BUILDCON LIMITED Geojit BNP Paribas pdf Copy Link Share on Share on Share on Share on Alert
	12 May 2024	Dilip Buildcon	IDBI Capital Reco	475.10	492.00	444.65 (6.85%)	Target met	Hold	pdf post cache		Broker Report Dilip Buildcon: Q4FY24 Result Review IDBI Capital pdf Copy Link Share on Share on Share on Share on Alert
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