Motilal Oswal (MOSL) remains bullish on India’s ports sector, projecting 500-550 MTPA of capacity addition annually between FY23 and FY28, driven by increased handling of petroleum, oil, lubricants (POL), coal, and containerized cargo. Cargo traffic is expected to grow at a steady rate of 3-6% annually, stabilizing utilization levels at 55% over the medium term.
While the industry growth rate is estimated at 4-7% over the next five years, MOSL expects Adani Ports and JSW Infra to grow at 2-3 times the industry rate, supported by their strategic investments and strong operational performance.
- Adani Ports – Buy, Target Price ₹1,400
- JSW Infra – Buy, Target Price ₹330
MOSL remains optimistic about the growth prospects for Adani Ports and JSW Infra, citing their market leadership, strategic expansions, and robust financial outlook as key growth drivers.
