Shares of JSW Infrastructure Ltd rose by 3.9% to ₹298.55 on the NSE at 9:17 AM on October 29, 2024. The stock opened higher at ₹307.50, marking the day’s high, before settling lower as trading progressed.
The rise in stock price comes despite sluggish in-house volume growth, with the company’s in-house cargo volumes remaining muted. However, JSW Infrastructure reported an 18% year-over-year increase in revenue, driven by growth in external volumes and improved throughput from third-party clients. The revenue growth suggests resilience in JSW Infrastructure’s diversified revenue model, which has helped offset the impact of lower in-house activity.
Investors appear optimistic about the company’s revenue growth potential and its ability to attract external business, even as internal cargo volumes remain under pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions.
