Shares of JSW Infrastructure surged 7% in early trade on February 21, after brokerage firm Motilal Oswal (MOSL) reiterated its ‘Buy’ rating on the stock with a price target of ₹330 per share, indicating an upside potential of over 29% from the last close of ₹238.30 on the National Stock Exchange (NSE).
MOSL remains bullish on India’s port and logistics infrastructure sector, projecting an annual capacity addition of 500-550 million tonnes per annum (MTPA) between FY23 and FY28. This growth will be primarily driven by increased handling of petroleum, oil, lubricants (POL), coal, and containerized cargo.
Cargo traffic is expected to grow at a steady 3-6% annually, ensuring a stabilized utilization level of 55% over the medium term.
JSW Infra Poised for Outperformance
While the industry growth rate is expected to be 4-7% over the next five years, MOSL predicts JSW Infra and Adani Ports will grow at 2-3 times the industry rate, owing to their strategic investments and strong operational performance.
MOSL Ratings on Port Sector Stocks:
- Adani Ports – Buy, Target Price: ₹1,400
- JSW Infrastructure – Buy, Target Price: ₹330
MOSL’s optimism on JSW Infra is supported by the company’s expansion plans, strategic acquisitions in logistics infrastructure, and a robust financial outlook. These factors are expected to position JSW Infrastructure as a leading player in India’s growing port sector.
