JSW Infrastructure shares jumped more than 2% in morning trade after Nuvama initiated a Buy call, projecting a 22% upside in the stock price.
Nuvama predicts that JSWIL is going to achieve revenue/EBITDA/PAT CAGRs of 19%, 16% and 15%, respectively, in FY24-27. The stock is valued at 25 times the expected FY28 EV/EBITDA, discounted back to December 2025, for a target price (TP) of INR 390. However, any delays in the commissioning of new projects by JSWIL or JSW Steel represent a significant risk to these predictions.
As of 9:52 am, JSW Infrastructure shares were trading 1.63% higher at Rs 324.25 on the NSE.
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