PNC Infratech shares increased by 5.5% after the company announced it received two letters of acceptance from Maharashtra State Road Development Corporation. The road projects are worth Rs 4,630 crore. These projects include the construction of roads in Pune and from Jalna to Nanded. The shares of PNC Infratech have seen significant movement in the last year.
Tech view: Nifty faces resistance from short-term moving averages, forms small negative candle. How to trade tomorrow
After acting as support for months, the 10 and 20-day exponential moving averages (EMAs) have recently been breached. These EMAs now pose resistance around 25,150-25,200,