Shares of JSW Infra climbed 5% today after Jefferies initiated coverage on the stock with a “Buy” rating. The brokerage firm has set a target price of ₹375 for JSW Infra, anticipating a 21% increase in the stock’s value.

Jefferies highlighted the positive outlook for the private sector ports in India, noting that the sector is poised for robust growth. The firm expects private sector ports to continue benefiting from market share gains, acquisitions, and expansions. This trend is projected to drive double-digit volume and EBITDA compound annual growth rates (CAGR) for the sector.

As of 10:00 AM the shares of JSW Infra were trading 4.80% higher at ₹324.00 on NSE.

According to Jefferies, the all-India port cargo is expected to grow at a 6% CAGR from FY24 to FY30, slightly higher than the 5% CAGR observed over the last decade. Additionally, port capacity is predicted to expand by 1.3 to 1.4 times during this period.

Jefferies’ positive outlook extends beyond JSW Infra, with the firm also showing confidence in other major players in the private sector, including Adani Ports and Dubai Port. The target price for JSW Infra is based on a 32x EV/EBITDA multiple for September 2026.

Follow on Google News
TOPICS: JSW Infra