India's PNC Infratech hits 1.5-yr low on Q2 profit fall
** Shares of PNC Infratech PNCI.NS fall as much as 7.1% to 295.55 rupees, hitting their lowest since May 2023; last down ~4%
** Construction co reports a ~44% fall in Sept-qtr consol profit after tax to 834.6 million rupees ($9.9 million) while rev from ops fell 25%
** Avg rating of 14 analysts covering PNCI at "buy" while peers HG Infra Engineering HGIN.NS and G R Infraprojects GINF.NS rated "strong buy" and "hold", respectively
** PNCI's median PT is at 525 rupees - LSEG data
** Stock down ~13% so far this year vs a ~41% and ~36% rise in HGIN and GINF, respectively
($1 = 84.3930 Indian rupees)
Reporting by Dimpal Gulwani in Bengaluru
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