JSW Infrastructure shares rose over 3% in morning trade following a positive Buy rating from Investec, which set a target price of ₹370. The brokerage firm highlighted the company’s strong growth potential, citing a projected 20%+ CAGR in revenue and EBITDA from FY24 to FY30.
JSW Infra, operating a network of major and non-major ports across India’s East and West coasts, is expected to benefit from increasing third-party cargo volumes at new terminals until FY27, followed by growth from JSW Group’s traffic. The company’s growth trajectory is underpinned by several strategic factors:
- Port Privatisation: The Indian government’s push for port privatisation aligns with JSW Infra’s strategy to secure new concessions.
- Strong Balance Sheet: JSW Infra’s solid financial position provides ample room for expansion.
- Longer Concession Periods: The company enjoys longer residual concession periods than its peers, ensuring greater stability and visibility.
Despite seeming high valuation multiples for FY27, Investec believes these are justified by JSW Infra’s robust long-term prospects, particularly as JSW Group’s expansions gain full traction post-FY27.
JSW Infrastructure todat saw its stock open at ₹327.00, with a high of ₹333.85 and a low of ₹325.90. The stock’s 52-week high stands at ₹360.95, while the 52-week low is ₹202.00.
As of 9:34 am, JSW Infrastructure shares were trading 2.89% higher at Rs 331.00 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
