PNC Infra, Ashoka Buildcon, IRB others: Increase in competition may lead to a moderation in operating margins

Construction stocks : PNC Infra, Ashoka Buildcon, IRB Infra, KNR Construction have seen their share prices correct 10-36% year to date. While order flows saw some slowdown in FY25 due to general elections, among the projects awarded , many were awarded at a sizeable discount to base price

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