Jefferies has maintained its buy rating on JSW Infrastructure with a target price of ₹375, identifying two key catalysts that could drive growth over the next 18 months. These include a 31% capacity addition from the commissioning of under-development ports and terminals, and potential new project wins amid an expected increase in public-private partnership (PPP) project awards by major government-owned ports.
The brokerage said JSW Infra’s long-term target of raising capacity by 2.3 times to 400 million tonnes by FY30 remains intact, with upside potential from its bid pipeline. It added that the company’s logistics offerings act as a sweetener, enhancing its integrated positioning in the sector.
Jefferies said the combination of near-term execution on capacity additions and potential wins in the PPP space, alongside long-term growth visibility, positions JSW Infra strongly to capitalise on rising trade volumes and infrastructure expansion in India.
Disclaimer: The views and recommendations made in this article are those of Jefferies. This article does not constitute investment advice. Investors should consult their financial advisors before making any investment decisions.
