Motilal Oswal’s ‘top port stock’ surges 17% this week – Check details, brokerage view, target price, upside potential and more

Shares of JSW Infrastructure Limited jumped 17.07% this week, closing at ₹259.30 on Friday. The stock has been on an upward trend, gaining ₹37.80 over the past five trading sessions.

On Friday, the stock surged 8.81%, ending at ₹259.30 from an opening price of ₹238.95. The stock has seen a consistent rally, gaining 5.75% on Thursday and 0.16% on Wednesday after a brief dip earlier in the week.

Brokerage View and Industry Outlook

Brokerage firm Motilal Oswal has highlighted JSW Infrastructure as its top pick in the ports sector. The firm has assigned a “Buy” rating with a target price of ₹330 per share, indicating a potential upside of 39% from Thursday’s closing price.

According to the brokerage, India’s port sector handles 95% of the country’s export volumes and 70% of its export value, making it a key driver of economic growth. Cargo traffic is expected to grow at a steady annual rate of 3% to 6%, while container traffic growth is estimated to be between 4% to 7% annually over the next five years.

Both JSW Infrastructure and Adani Ports have been growing at a higher-than-industry CAGR of 5% between FY19 and FY24, driven by aggressive expansion, strategic acquisitions, and integrated logistics solutions. The brokerage expects these companies to outpace the industry over the next five years.

Out of 14 analysts covering JSW Infrastructure, 11 have given a “Buy” rating, while three have recommended a “Sell”.

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