Infrastructure Here's why Nomura has picked these 3 infra stocks Updated : December 13, 2019 02:01 PM IST Nomura picked PNC Infratech its top pick in the mid-cap infra space. Infrastructure investment companies have offered poor returns to shareholders in general this year, but companies with strong cash flows and low leverage have rewarded shareholders. Public infrastructure spending and a boost from reforms should lead to a revival in the road sector. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.